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The stocks Goldman gives more than 100% upside — with one as high as 168%

Cnbc · · 406 words · By Hugh Leask
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What to know about The stocks Goldman gives more than 100% upside — with one as high as 168%

Goldman Sachs has updated its top European stock picks for August, giving two companies a standout upside of more than 100%, including one as high as 168%.

Claims checked 13
Techniques found 0
Topics 0

Coverage spectrum

Coverage gap: Low Left coverage
Left0%
Center88%
Right12%

8 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

Goldman Sachs has updated its top European stock picks for August, giving two companies a standout upside of more than 100%, including one as high as 168%.

Why it matters

Here's where the investment bank sees the biggest upside on their 12-month price targets, in order: Ceres Power Ceres Power can deliver a 168% upside, according to Goldman analysts.

Common ground

fuel cell developer has underperformed the ongoing AI rotation, tumbling more than 31% in July as investor concerns over supply chains, execution and the durability of AI-related demand drove a broader tech reversal.

Perspective signals

No major persuasion pattern has been attached yet, so the source, headline, and evidence should carry most of the weight for readers.

open_in_new Read the original article: https://www.cnbc.com/2026/08/05/the-stocks-goldman-gives-more-than-100percent-up…

fact_checkClaims Checked

eFinder analyzed this article and checked 13 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

info Single Source 4
check_circle Corroborated 4
schedule Pending 3
cancel Disputed 1
help Insufficient Evidence 1
schedule
Claim 1: “Despite shedding 7.2% over the past month [ASML]”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
info
Claim 2: “The London-listed telecoms imprint is one of two European stocks handed an upside of 64% [BT Group]”
SINGLE SOURCE
One web search snippet explicitly confirms the 64% upside forecast for BT Group and DSV. No other independent sources provide this specific figure.
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web search NEUTRAL — In BriefGoldman Sachs sees more than 100% upside in 2 European stocks.Analysts forecast 168% upside for Ceres Power despite a 31% July drop.The bank also forecasts 64% upside for BT Group and DSV over…
https://cryptorank.io/news/feed/7d042-goldman-sachs-european…
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web search NEUTRAL — Goldman Sachs’ weekly newsletter, offering economic and markets analysis from across the firm. Subscribe now.There are many chapters in a career. There is only one Goldman Sachs.
https://www.goldmansachs.com/investor-relations/financials/1…
travel_explore
web search NEUTRAL — Find the latest The Goldman Sachs Group, Inc. (GS) stock quote, history, news and other vital information to help you with your stock trading and investing.Outperform. Analyst Price Targets. 730.00 Lo…
https://finance.yahoo.com/quote/GS/
cancel
Claim 3: “airfreight volumes rise 10% year-on-year and gross profits top 4.9 billion Danish krone ($755 million) [DSV]”
DISPUTED
One source reports airfreight volumes increased by 10.9% (close to 10%), but the gross profit figures vary wildly across sources (4.5 billion Dkr in one, 7.8 billion in another from a different year), and none specifically match the 4.9 billion Dkr figure provided in the claim.
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web search NEUTRAL — DSV continued to report strong growth in airfreight volumes during the first quarter of the year, while revenues also improved. The Danish forwarder saw first-quarter airfreight volumes increase by 10…
https://www.aircargonews.net/dsv-sees-airfreight-volumes-con…
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web search NEUTRAL — DSV, the Danish freight forwarder, reported steady airfreight performance in 2025 amid ongoing integration of its acquisition of Schenker from Deutsche Bahn.Air revenue for the quarter was Dkr22.1 bil…
https://cargonewswire.com/dsv-reports-modest-airfreight-grow…
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web search NEUTRAL — The Danish global transport and logistics provider reported gross profits of 7.8 billion Danish krone on revenues of 32.9 billion Danish krone for the first half of 2016, year-over-year increases of 4…
https://www.freightwaves.com/news/dsvs-profits-skyrocket-tha…
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Claim 4: “The German defense staple gained 15.1% last month”
CORROBORATED
Two independent web search snippets explicitly mention a 15.1% July gain for Rheinmetall.
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wikipedia NEUTRAL — The Lynx is a German armoured fighting vehicle developed by Rheinmetall. The Lynx, configured as a KF31 infantry fighting vehicle (IFV), was unveiled at the Eurosatory defence exhibition on 14 June 20…
https://en.wikipedia.org/wiki/Lynx_(Rheinmetall_armoured_fig…
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wikipedia NEUTRAL — Rheinmetall AG (German pronunciation: [ˈʁaɪnmeˌtal]) is a German automotive and arms manufacturer, headquartered in Düsseldorf, North Rhine-Westphalia, Germany. The group was promoted to the DAX, Germ…
https://en.wikipedia.org/wiki/Rheinmetall
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wikipedia NEUTRAL — The Rheinmetall Rh-120 is a 120 mm smoothbore tank gun designed and produced in former West Germany by the Rheinmetall Waffe Munition GmbH company. It was developed in response to Soviet advances in a…
https://en.wikipedia.org/wiki/Rheinmetall_Rh-120
+ 3 more evidence sources
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Claim 5: “predicting a potential upside of 102% over the next 12 months [for Rheinmetall]”
CORROBORATED
Two independent web search snippets explicitly state that the bank backs Rheinmetall for 102% upside.
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wikipedia NEUTRAL — Environmental, social, and governance (ESG) is shorthand for an investing principle that prioritizes environmental issues, social issues, and corporate governance. Investing with ESG considerations is…
https://en.wikipedia.org/wiki/Environmental,_social,_and_gov…
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wikipedia NEUTRAL — Rheinmetall AG (German pronunciation: [ˈʁaɪnmeˌtal]) is a German automotive and arms manufacturer, headquartered in Düsseldorf, North Rhine-Westphalia, Germany. The group was promoted to the DAX, Germ…
https://en.wikipedia.org/wiki/Rheinmetall
travel_explore
web search NEUTRAL — Goldman Sachs’ weekly newsletter, offering economic and markets analysis from across the firm.The Goldman Sachs Culture. Our firm is for those who insist on excellence, strive for performance, and thr…
https://www.goldmansachs.com/careers
+ 2 more evidence sources
info
Claim 6: “Goldman analysts forecast a 12-month upside of 64% [for DSV]”
SINGLE SOURCE
One web search snippet explicitly states the bank forecasts 64% upside for DSV (and BT Group). No other independent sources confirm this.
check_circle
Claim 7: “The U.K. fuel cell developer has underperformed the ongoing AI rotation, tumbling more than 31% in July”
CORROBORATED
Two independent web search snippets confirm the 31% July drop for Ceres Power. A third source mentions a 37% slide in a month, which is consistent with the general trend of a significant July decline.
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wikipedia NEUTRAL — Ceres-1 (Chinese: 谷神星一号; pinyin: Gǔshénxīng Yī-hào; lit. 'Ceres-1'), is a four-stage rocket manufactured and operated by Galactic Energy, the first three stages use solid-propellant rocket motors and …
https://en.wikipedia.org/wiki/Ceres-1
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wikipedia NEUTRAL — Ceres is a dwarf planet in the main asteroid belt between the orbits of Mars and Jupiter. It was the first object identified in the asteroid belt, discovered on 1 January 1801 by Giuseppe Piazzi at Pa…
https://en.wikipedia.org/wiki/Ceres_(dwarf_planet)
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wikipedia NEUTRAL — Ceres Power Holdings plc is a UK developer of solid oxide electrolyzer cell and solid oxide fuel cell technology for use in distributed power systems aimed at decarbonising cities, factories, data cen…
https://en.wikipedia.org/wiki/Ceres_Power
+ 3 more evidence sources
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Claim 8: “Ceres Power can deliver a 168% upside, according to Goldman analysts.”
CORROBORATED
Two independent web search snippets explicitly state that analysts forecast a 168% upside for Ceres Power.
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wikipedia NEUTRAL — Ashoka India Equity Investment Trust plc (LSE: AIE), is a large British investment trust focused on investments in companies that are listed in India or have a significant presence there. The company …
https://en.wikipedia.org/wiki/Ashoka_India_Equity_Investment…
menu_book
wikipedia NEUTRAL — Environmental, social, and governance (ESG) is shorthand for an investing principle that prioritizes environmental issues, social issues, and corporate governance. Investing with ESG considerations is…
https://en.wikipedia.org/wiki/Environmental,_social,_and_gov…
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wikipedia NEUTRAL — Perella Weinberg Partners (PWP) is an American global financial services firm focused on investment banking advisory services. The firm was founded in 2006 by Joseph R. Perella, Peter A. Weinberg and …
https://en.wikipedia.org/wiki/Perella_Weinberg_Partners
+ 3 more evidence sources
help
Claim 9: “Danish logistics company DSV 's shares fell 9.3% in July”
INSUFFICIENT EVIDENCE
No evidence was found in the search results regarding DSV's share price movement in July.
info
Claim 10: “Goldman Sachs has updated its top European stock picks for August”
SINGLE SOURCE
While there are multiple search results for Goldman Sachs updates in general (auto, gold), the specific claim about 'top European stock picks for August' is not explicitly confirmed by the provided search snippets, although subsequent claims (1, 3, 5) refer to a report containing these picks.
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wikipedia NEUTRAL — The Goldman Sachs Group, Inc. ( SAKS) is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered in the Battery Park City neighborhood…
https://en.wikipedia.org/wiki/Goldman_Sachs
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wikipedia NEUTRAL — Julius Sachs (July 6, 1849 – February 2, 1934) was an American educator. He founded the Sachs Collegiate Institute. Sachs was a member of the Goldman–Sachs family of bankers. Julius Sachs was born on …
https://en.wikipedia.org/wiki/Julius_Sachs
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wikipedia NEUTRAL — Edward Codd Forst (born December 1960) is an American businessman who has served as the administrator of general services since December 2025. Forst has additionally served as the acting archivist of …
https://en.wikipedia.org/wiki/Edward_Forst
+ 3 more evidence sources
info
Claim 11: “the company [BT Group], which is down 4.1% over the past year”
SINGLE SOURCE
The provided search results for BT Group do not contain information regarding its share price performance over the past year.
travel_explore
web search NEUTRAL — Bt group оказывает услуги по контролю качества и приемке продукции...
https://bt-group.ru/
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web search NEUTRAL — In Auckland the QV residential price index showed that property values have decreased by 1% over the past year, with values falling after recent growth. "Overall, the underlying statistics indicate a …
https://www.goodreturns.co.nz/article/976511069/the-full-nel…
travel_explore
web search NEUTRAL — Draw Me 4. Kooleen 2,136,951 views 10 months ago. Copy link.An error occurred while retrieving sharing information. Please try again later.
https://www.youtube.com/watch?v=CZBDd3ZaYQg
schedule
Claim 12: “analysts are eyeing a 52% 12-month upside for the Dutch semiconductor mainstay [ASML]”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
schedule
Claim 13: “ASML is one of three new additions to Goldman's closely-watched monthly 'European Conviction – Directors' Cut' list”
PENDING
This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.