Goldman Sachs has updated its top European stock picks for August, giving two companies a standout upside of more than 100%, including one as high as 168%.
Stock Predictions
- Ceres Power: The company can deliver a 168% upside. The U.K. fuel cell developer has underperformed, falling over 31% in July, but analysts see this as an attractive entry point for investors.
- Rheinmetall: The German defense company has a potential upside of 102%. It is expected to benefit from Europe's rearmament efforts.
- BT Group: The London-listed telecom company has a 64% upside forecast.
- DSV: The Danish logistics company has a 64% upside forecast, despite a 9.3% drop in shares in July.
- ASML: The Dutch semiconductor company has a 52% upside forecast.
