The firm argues RELX is undervalued and misclassified as AI-exposed, forecasting 8% sales growth from new AI products.
Goldman Sachs initiated coverage of RELX PLC (NYSE:RELX) with a Buy rating and a 3,000 GBp price target. The firm stated RELX is misplaced in the AI “at risk” category, citing a “strong moat” and potential for accelerated sales growth toward 8% driven by its new AI product suite.
RELX, which provides information and analytics solutions, was previously downgraded by Morgan Stanley in May to Equal Weight from Overweight, with a reduced price target of 2,970 GBp. Morgan Stanley cited valuation concerns and a balanced risk/reward outlook at current levels, noting competition from rapidly scaling workflow-focused startups.
The company operates across segments including Scientific, Technical & Medical, Risk, Legal, Exhibitions, and Print-related services.