Goldman Sachs has updated its list of the world’s top stocks, adding some and deleting others. The stocks are featured on the investment bank’s Conviction List – Director’s Cut, which the investment bank says provides a “curated, active” list of stocks with buy ratings. According to Goldman Sachs, these are selected by regional subcommittees that “work with analysts in each sector to develop beliefs, differentiated views, and high risk-adjusted returns.” “Identify the top ideas that come together.” Companies excluded from the October list include Qantas Airways and Chinese semiconductor company Gigadevices in the Asia-Pacific region, and oil giant Shell and Italian fashion brand Zegna in Europe. There are also a number of stocks added to the director’s cut, including the following three stocks, which Goldman says have the potential to rise more than 20% over the next 12 months. Experian Experian, a Danish data company known for providing consumer credit scores, is one such stock. “Experian’s strong performance (year-to-date) has investors wondering where the next bull run will come from,” the investment bank said. Analyst Suhasini Varanasi believes the company is “unlocking a data ecosystem that will drive growth and improved profitability.” Experian’s investments in new products and services “are currently at an inflection point and should support further organic revenue growth,” he said in an Oct. 1 note about the bank’s European listing. With these developments, the company’s organic revenue growth is likely to rise to 9.5% for the full year 2026-2029 from historical levels of 5% to 7%, he added. Experian’s shares are listed on the London Stock Exchange and as American Depositary Receipts (ADRs) in the United States, and the company’s share price has increased approximately 22.2% since the beginning of the year. Goldman has a 12-month price target of 52 pounds ($68) for the stock, suggesting it could rise nearly 33%. Generali Italian insurance company Assicrazioni Generali is also among the stocks on Goldman’s list. Andrew Baker, an analyst at the bank, said the company is “well positioned for central bank interest rate easing.” “The company faces its greatest competition from non-insurance savings products, and lower short-term interest rates should help alleviate lapse concerns,” he said in an Oct. 1 note on the bank’s European listing. added. Baker also noted that about 90% of Generali’s property and casualty business is retail, compared to an average of 55% for its competitors, adding: “We like the risk and reward of a retail bias.” said. The stock, up about 37% since the beginning of the year, trades on the Milan Stock Exchange and is included in the iShares MSCI Italy ETF (weighted at 4.9%), among other exchange-traded funds. Goldman has a price target of 31.50 euros ($34.50) on the stock, suggesting upside potential of 20% to 5%. Keppel Goldman’s Asia Pacific list includes Keppel, a Singaporean conglomerate with a wide range of real estate, infrastructure and asset management businesses. In analyst Xuan Tan’s view, the company’s stock stands to benefit from growth in the infrastructure sector, which is “poised to benefit from structurally growing electricity demand and the energy transition.” ”. Keppel’s capacity expansion of around 50% to 1,900 megawatts in 2026 will further “capture this long-term opportunity,” Tan said in an Oct. 2 memo on the bank’s Asia listing. He said it would be possible. The analyst also sees the possibility of future acquisitions as the company moves forward with a tentative sale target of S$5 billion to S$7 billion ($3.8 billion to $5.4 billion). Keppel shares are traded on the Singapore Exchange and as ADRs in the US, and the company’s shares have fallen more than 8% since the beginning of the year. Goldman has a price target of S$7.80 for the stock, implying a potential upside of 20.4%. —CNBC’s Michael Bloom contributed to this report.
