Investing

5 Goldman Sachs Conviction List Buys Have 100% or More Upside Potential

Qualtrics

This more off-the-radar idea has the biggest upside potential of all the Conviction List stocks. Qualtrics, International Inc. (NYSE: XM) operates an experience management platform to manage customer, employee, product and brand experiences worldwide. It was founded in 2002 and is headquartered in Provo, Utah. Qualtrics is a subsidiary of SAP America.

The company offers the Qualtrics Experience Management Platform, a system of action that guides users with specific instructions for improvement and automated actions to improve experiences, as well as for listening, understanding and taking action on both structured and unstructured data.

Qualtrics also provides professional services that primarily consist of research services, through its DesignXM, which allows customers to gain market intelligence, as well as implementations, configurations and integration and engineering services to help customers deploy its XM Platform.

The $40 Goldman Sachs price target and the $36.53 consensus target are well above Thursday’s closing share price of $14.91. Qualtrics stock hitting the Goldman Sachs target would make it a 156% winner.

Salesforce

This top stock is another solid idea for those leaning toward software and technology. Salesforce Inc. (NYSE: CRM) provides customer relationship management technology that brings companies and customers together worldwide. Its Customer 360 platform empowers its customers to work together to deliver connected experiences for their customers.

The company’s service offerings include:

  • Sales, to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and relationship intelligence and deliver quotes, contracts and invoices
  • Service, which enables companies to deliver trusted and highly personalized customer service and support at scale.


Its Service offerings also comprise flexible platform that enables companies of various sizes, locations and industries to build business apps to bring them closer to their customers with drag-and-drop tools; online learning platform that allows anyone to learn in-demand Salesforce skills; and Slack, a system of engagement. Further Service offerings include:

  • Marketing, which enables companies to plan, personalize and optimize one-to-one customer marketing journeys
  • Commerce, which empowers brands to unify the customer experience across mobile, web, social and store commerce points
  • Tableau, an end-to-end analytics solution serving various enterprise use cases
  • MuleSoft, an integration offering that allows its customers to unlock data across their enterprise

Salesforce provides its Service offerings for customers in financial services, health care and life sciences, manufacturing and other industries. It also offers professional services, as well as in-person and online courses to certify its customers and partners on architecting, administering, deploying and developing its service offerings. The company provides its services through direct sales and via consulting firms, systems integrators and other partners.

Goldman Sachs has set a $340 price target. The consensus target is lower at $289.68. Salesforce stock closed at $160.42 on Thursday, so hitting the Goldman Sachs price target would be a 105% gain.


All five of these stocks are presented with the strong caveat, yet again, that the selling may not be over. With that firmly in mind, nibbling and starting to add partial positions over the next few months makes sense, then filling out full positions when there is a complete and final washout.

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