Investing
Goldman Sachs Loves These 5 Buy-Rated Stocks With Accelerating Sales Growth for 2022
November 23, 2021 7:35 am
This top gaming software company continues to be among the best in its industry. Take-Two Interactive Software Inc. (NASDAQ: TTWO) develops, publishes and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games and 2K labels, as well as under Private Division and Social Point labels.
Take-Two develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead Redemption names through developing sequels, and it offers downloadable episodes, content and virtual currency, as well as releasing titles for smartphones and tablets. The company also develops brands in other genres, including the LA Noire, Bully and Manhunt franchises.
The company also publishes various entertainment properties across various platforms and a range of genres, such as shooter, action, role-playing, strategy, sports and family/casual entertainment under the BioShock, Mafia, Sid Meier’s Civilization, XCOM series and Borderlands labels. It publishes sports simulation titles, comprising NBA 2K series, a basketball video game; the WWE 2K professional wrestling series; and the Golf Club. Additionally, the company offers free-to-play mobile games, such as Dragon City and Monster Legends.
The analysts estimate the company will grow sales by 39% in the coming year. The $233 Goldman Sachs price target is higher than the $214.56 consensus target for Take-Two Interactive Software stock. Monday’s closing print of $164.91 was down almost 4% for the day.
This is another top aerospace and defense company that offers solid upside potential. Spirit AeroSystems Holdings Inc. (NYSE: SPR) is one of the world’s largest non-OEM designers and manufacturers of aerostructures for commercial aircraft. Its core products include fuselages, pylons, nacelles and wing components.
Spirit also provides aftermarket customer support services, including spare parts, maintenance/repair/overhaul, and fleet support services in North America, Europe and Asia. Spirit Europe produces wing components for a host of customers, including Airbus.
Many across Wall Street feel that the cost challenges that the company has experienced on 737-MAX over the past few years are well in the rearview mirror, and most see a continued strong free-cash-flow outlook and stock buybacks.
Goldman Sachs projects 37% earnings growth, and the analysts have set a $63 price target. The consensus target is just $55.40. Spirit AeroSystems stock closed at $41.59 on Monday.
These five top companies have very strong positions in their respective sectors and are expected to post outstanding sales growth in 2022. The value proposition for investors is that their stocks offer some of the best entry points in some time, which could bode very well for those buying the shares now.
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