Estee Lauder and Nextpower join Goldman Sachs’ July Conviction List, targeting 63% and 22% upside respectively.
Goldman Sachs added two stocks to its July Conviction List, projecting significant upside potential. Estee Lauder (EL) is expected to reach $100, driven by innovation-led revenue growth and 450 basis points of margin expansion over three years.
Nextpower (NXT) is transitioning from a solar tracker to a power technology platform, with Goldman forecasting a 10% EPS compound annual growth rate through 2029. The additions reflect the firm’s confidence in long-term growth prospects for both companies.
Goldman Sachs’ Conviction List highlights high-conviction investment ideas for institutional and high-net-worth clients, emphasizing stocks with strong fundamentals and growth trajectories.