5 Goldman Sachs Conviction List Stocks to Buy with 65% to 100% Upside Potential – 24/7 Wall St.

As 2022 rolls on and the first quarter is almost over, many investors are resetting for what could be a very volatile rest of the year. The confluence of the highest inflation in 40 years, a deadly conflict between Russia and Ukraine, an interest rate hike scenario that could include up to seven more rate hikes this year, and fear as the market and economy collapsed caused many growth stock investors to pause.

The safe route is the best route for many, but growth investors who are more aggressive have the opportunity to acquire some companies now that have considerable growth potential. Investors whose risk profile can adapt to the current environment are likely looking for the best ideas on Wall Street.

One of Wall Street’s most respected buy stocks is the Goldman Sachs condemnation list. These are the company’s top picks for high net worth accounts and institutional accounts broken down into 10 sectors. We sifted through the list looking for the companies that had the greatest advantage over the target prices assigned by Goldman Sachs, and found five that aggressive investors might want to add to portfolios. It is important to remember that no single analyst report should be used as the sole basis for any buy or sell decision.

AZEK

It’s an off-the-radar idea for many, but it has one of the biggest upside potentials for stocks on the condemnation list. AZEK Co. Inc. (NYSE: AZEK) is engaged in the design, manufacture and sale of building products for the residential, commercial and industrial markets in the United States.

The Residential segment designs and manufactures engineered exterior products, which include decking, railing, trim and moldings, and accessories under the TimberTech, AZEK Exteriors, Versatex and Ultralox brands.

Its business segment manufactures engineered polymer materials that are used in various industries, including outdoor graphic displays and signage, education and leisure markets, as well as food processing and chemical industries. The segment also offers bathroom partitions, shower and dressing enclosures, lockers and other storage solutions under the Aria, Eclipse, Hiny Hiders, TuffTec and Duralife brands to schools, parks, stadiums, industrial facilities and retail, recreational and commercial facilities.