With 2023 rolling along in reasonably good fashion for stock investors, the biggest buzz this year has of course been the artificial intelligence melt-up. While the trend is certainly here to stay, many of the top stocks have exploded higher and are likely overbought and ready to take a breather. Grabbing a hot stock going into the worst time of the year for stocks may not be the best idea right now, as many found out last week.
The safe route is the best route for many now as seasonal weakness is playing out as expected, but more aggressive growth investors have the opportunity to scoop up some stocks now at a discount that have some big-time upside potential. Investors with a risk profile that can accommodate the current environment are probably looking for Wall Street’s best ideas, and we found five of them.
One of Wall Street’s most respected lists of stocks to buy is the Goldman Sachs Conviction List. These are the firm’s top picks for high net worth and institutional investors spread across multiple sectors. We screened the list looking for the picks that had the largest upside to the Goldman Sachs assigned target prices. We found five that aggressive accounts may want to add to portfolios that have huge upside to the Goldman Sachs target price objectives.
This post originally appeared at 24/7 Wall St.