5 Goldman Sachs Conviction List ‘Directors Cut’ TMT Stocks With Double-Digit Upside Potential

Its Lighthouse is a cloud-based business intelligence tool that includes customer engagement, social media management, online reputation management, scheduling and product pricing, as well as reporting and analytics. SkyTab POS are POS workstations preloaded with software suites and integrated payment functionality, and SkyTab Mobile is a mobile payment solution and marketplace technology for integrations into third-party applications.

The company also provides merchant underwriting, onboarding and activation, training, risk management and support services, as well as software integrations and compliance management and partner support and services.

The Goldman Sachs target price is $90, and Shift4 Payments stock has an $81.19 consensus target. Thursday’s closing print was $62.86, so hitting the Goldman Sachs target would be a 43% gain.

TE Connectivity

This somewhat lesser-known stock is also another top pick at Jefferies. TE Connectivity Ltd. (NYSE: TEL) manufactures and sells connectivity and sensor solutions to approximately 140 countries in Europe, the Asia-Pacific, the Americas and elsewhere. The company operates through three segments.

The Transportation Solutions segment provides terminals and connector systems and components, sensors, relays, antennas and application tooling products for use in the automotive, commercial transportation and sensor markets.

The Industrial Solutions segment offers terminals and connector systems and components. Its products include interventional medical components, relays, heat shrink tubing and wires and cables for industrial equipment, aerospace, defense, marine, medical and energy markets.

The Communications Solutions segment supplies electronic components (such as terminals and connector systems and components), relays, heat shrink tubing and antennas for the data and devices and appliances markets.

TE Connectivity stock comes with a 1.75% dividend. Goldman Sachs has set its price target at $160. The $140.10 consensus target is closer to Thursday’s $134.51 closing share price.

With all five stocks having double-digit upside potential, they make good sense for growth stock investors looking for ideas that will continue to work regardless of the economy or the inflation picture. With second-quarter earnings right around the corner and a strong year-to-date rally that has driven many stocks higher, it makes sense to buy partial positions here and see how the results for the quarter come in.

Originally published at 24/7 Wall St.

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