Goldman Sachs has included Adyen, RWE, and Talanx in its latest European stock picks, highlighting their strong growth prospects. Adyen, a payment processing firm, is projected to have a 77% upside due to its integrated technology platform and partnerships with major companies like Toast and Shopify, as well as its involvement in AI-powered commerce.
RWE, a German energy company, has a target price of 75 euros per share, indicating a 28% upside, driven by its transition to a vertically-integrated energy model and potential profits from U.S. LNG and renewable energy investments. Talanx, a German insurer, is expected to see a 13% upside with a target price of 141 euros, supported by its lean cost structure and growth in emerging markets.
The removal of Enel, Wise Group, Hannover Re, and Zalando from the list suggests a strategic shift in Goldman's focus towards companies with stronger growth trajectories