Equitable
While somewhat off the radar for many, this is another huge opportunity for growth stock buyers. Equitable Holdings Inc. (NYSE: EQH) operates as a diversified financial services company worldwide. The company operates through four segments:
- Individual Retirement: Offers a suite of variable annuity products, primarily to affluent and high net worth individuals.
- Group Retirement: Provides tax-deferred investment and retirement services or products to plans sponsored by educational entities, municipalities and not-for-profit entities, as well as small and medium-sized businesses.
- Investment Management and Research: Offers diversified investment management, research and related solutions to various clients through institutional.
- Protection Solutions: Provides life insurance products, such as variable universal life and indexed universal life insurance, and employee benefits to small and medium-sized businesses.
Investors receive a 3.50% dividend. The Goldman Sachs target price is $43, while the consensus target is $35.31. Equitable Holdings stock closed on Wednesday at $22.82, so hitting the Goldman Sachs target would be a 90% gain.
Frontier Communications
This is the perfect stock idea for more aggressive growth investors. Frontier Communications Parent Inc. (NASDAQ: FYBR) provides communication and technology services in the United States. It offers data and internet, voice, video and other services. The company was formerly known as Frontier Communications and changed its name in April 2021.
Frontier is meeting the demand for high-speed broadband connectivity with a superior 100% fiber product that does what cable cannot. Frontier outpaced its cable competitors in nearly every market last year, with record numbers in broadband customer growth, demonstrating that consumers want the blazing-fast, symmetrical speeds that it has to offer.
Frontier was ranked number one for the fastest internet upload speeds in the United States, according to Ookla Speedtest results. Frontier also earned statewide recognition over competitors for speed and latency results in key markets. Additionally, customers ranked Frontier the top-rated internet in California and Florida. The Ookla results are yet another indicator that Frontier’s fiber-first strategy is resonating with customers.
The $33 Goldman Sachs target price is less than the $35.27 consensus target. Still, investors would be up 78% from Wednesday’s close at $18.57 if the firm’s target is hit.
These three outstanding companies are top picks at Goldman Sachs, and all have a dominant position in their respective silos, and their stocks have some huge upside to the target prices. Given that more of the same trouble we have seen this year could be coming our way in the second half in the form of interest rates increases, inflation and market volatility, it makes sense to scale into positions slowly.
Originally published at 24/7 Wall St.
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