HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages ACM Analysis (ACMR), Buyers with Losses to Contact Its Attorneys, Securities Fraud Case Filed

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HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages ACM Research (ACMR), Investors with Losses to Contact Its Attorneys, Securities Fraud Case Filed

TipRanks

Goldman Sachs says these 3 stocks could rise over 30% from where they are currently

After a true Annus Horribilus, we are all ready for better times. Goldman Sachs’s US equity strategy team, led by David Kostin, sees this better time in the near future. The team predicts the S&P 500 will grow 25% over the next 24 months – or to put it in absolute terms, they believe the index will hit 4,600 by December 2022. Kostin gives four clear reasons for believing we are about to begin another lengthy bull run. First, he notes the generally improved economic conditions; second, it points to corporate earnings growth; Third, there are historically low interest rates, as the Fed is sticking to its close to zero policy. and finally there is TINA or “there is no alternative”. Stocks enter a positive cycle, Kostin believes, as they offer the highest returns available today. In a recent interview, Goldman’s chief equity strategist said of these points, “That’s the story, it’s about an economy getting better and out of the market pandemic and better in general, and the Fed on hold. All of this is positive and I think the market is recognizing this and will continue to do so. “Goldman Sachs analysts, following Kostin’s lead, point to three stocks that they believe will benefit from the general rise in the market. We took the trio through the TipRanks database to see what other Wall Street analysts have to say about them. Lordstown Motors (RIDE) Goldman’s first choice is Lordstown Motors. The Ohio-based company, closely associated with the General Motors Big 3 standard, is an electric vehicle manufacturer. The company operates at GM’s old Lordstown, Ohio assembly plant that it purchased last year. Lordstown has a manufacturing area of ​​over 6.2 million square feet and a capacity of 600,000 vehicles per year. The company’s flagship is the Allurance Endurance Pickup. The vehicle is based on a unique design in which individual electric motors are used on each wheel hub. Delivery of the Endurance is planned for autumn 2021. Lordstown Motors was founded in 2018 and went public earlier this year through a merger with a blank check company. These transactions are designed to provide capital for companies wishing to enter the public market. As part of the preparations for the release of its endurance truck, Lordstown has signed an agreement with Camping World Holdings (CWH), the manufacturer of RVs. Camping World will train its mechanics on the new truck and provide garage space for Lordstown customers. The agreement includes expansion potential such as the division of sales, space and the provision of electric drive systems for motor homes. Mark Delaney, an analyst who covers this stock for Goldman Sachs, writes, “We believe this collaboration is a first step towards improving Lordstown’s service footprint and charging infrastructure and we are looking at Lordstown’s decision to create an existing service footprint to use as a cost effective strategy. We believe that the broader customer experience, including service and fees, plays an important role in product differentiation and can help EV startups succeed. In our view, the ease and reliability of servicing and charging is particularly important to Lordstown’s fleet / commercial customer base, which is focused on vehicle availability. “Consistent with these comments, Delaney rates RIDE stock for a buy along with a target price of $ 31 for the next 12 months. At the current level, this means an upside potential of 67%. (To see Delaney’s track record, click here.) Overall, RIDE stocks are getting a hold on analyst consensus, reflecting Wall Street’s caution towards a new – and highly speculative – endeavor. The rating was derived from 4 current ratings, evenly split between 2 purchases and 2 sales. However, the average target price of $ 27.50 suggests that RIDE is seeing an upward trend of 48% for the year ahead. (See RIDE stock analysis on TipRanks) Liberty Global (LBTYA) Next up is Liberty Global, a holding company in the telecommunications sector. Liberty is represented in seven European countries worldwide: Great Britain, the Netherlands, Ireland, Belgium, Poland, Slovakia and Switzerland. The company has annual sales of over $ 11 billion. Through its subsidiaries, Liberty serves over 11 million customers with a total of 25 million subscriptions for broadband Internet, TV and telephone services. The company also claims to have 6 million cellular and WiFi subscribers. Liberty is a leading investor in European digital and online infrastructure projects. One of the company’s most recent moves was the acquisition of Swiss telecommunications provider Sunrise Communications last month. Upon completion of the transactions, Liberty Global now owns over 98% of Sunrise’s total share capital. This makes the Swiss company a wholly-owned subsidiary of the Liberty Global Group. Andrew Lee, an analyst at Goldman Sachs, gives a comprehensive overview of Liberty’s current business and market position, pointing to the Swiss acquisition as a key factor for the future of the company. He writes: “We regard Sunrise as a quality product with sustained market share potential. We assume that LBTYA will benefit directly from this, as Sunrise continues to gain shares in Swisscom, but also helps stabilize UPC’s assets. “Lee gives LBTYA a buy rating along with a price target of $ 33. This number implies an upward trend of ~ 36% within a year from the current level. (To see Lee’s track record, click here.) As with RIDE above, Liberty has an even split among recent valuations – 3 buys and 2 holds in this case, making the analyst consensus a moderate buy. The share price is $ 24.32, and the average target price of $ 30.12 indicates growth of ~ 24% from that level. (See LBTYA stock analysis on TipRanks) Lufax Holding (LU) Fintech is a fast growing niche, and Lufax operates a personal financial services platform for the Chinese market. The company provides wealth management services to China’s rapidly growing middle class, a population that is growing not only in size but also in wealth. Lufax offers this population financing solutions for personal and business loans that are not always well served by the established Chinese banking sector. The company’s customer base includes small business owners and white-collar workers. Revenue for the third quarter reported earlier this month was $ 2 billion in US currency. Earnings per share of 24 cents exceeded estimates by 10 cents, or 71%. However, these numbers were down year-on-year. The greatest uncertainty Lufax is currently facing is government regulation. China’s government, while allowing a market-driven economy, has a tight grip on economic activity in general, and modern, cutting-edge companies like Lufax can get in the way of regulators who sometimes feel uncomfortable in the digital world. The prospect of tighter regulation as government officials attempt to impose fintech controls has worried some investors. After a comprehensive review of China’s tech regulatory landscape, Goldman’s Elsie Cheng, who works with Lufax, stated, “We remain constructive about the ability of Lufax to navigate the ever evolving regulatory landscape and provide a constant level of service to its consumers / financial partners Added value. “With this in mind, Cheng values ​​LU a Buy with a price target of USD 20, which means an upward trend of 34% for the coming year. (To see Cheng’s track record, click here.) Overall, Moderate Buy analysts’ consensus rating for Lufax is based on 7 ratings, including 4 buys and 3 holds. The average target price of $ 17.70 indicates a potential 15% gain over the next year. (See LU Stock Analysis on TipRanks.) To find great ideas for trading stocks at attractive valuations, visit TipRanks ‘Best Stocks to Buy, a newly launched tool that brings together all of TipRanks’ stock insights. Disclaimer: The opinions expressed in this article are solely those of the analysts presented. The content is intended to be used for informational purposes only. It is very important that you do your own analysis before making any investment.