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Goldman Sachs Bullish on European Stocks: Technology and Cost Optimization Drive Long-Term Growth
Goldman Sachs Analysts noted that the bank’s U.S.-based clients are turning to European equities in search of value opportunities following an upward revision to the 12-month target price for the pan-European Stoxx 600 index.Analysts noted that following the massive sell-off of European stocks from 2022 to 2024, investor crowding is no longer a concern. They added that a stronger euro and weak oil prices will weigh on European equities this year but will no longer be obstacles by 2027.Analysts also recommended focusing on stocks in sectors such as banking, aerospace, and alternative asset management. Additionally, companies with higher labor costs are expected to benefit as wage growth slows and technology replaces labor.
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