Goldman Sachs updates conviction lists: Adds Johnson & Johnson and Axis Bank By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Source: Investing.com
Goldman Sachs Conviction List Update: Goldman Sachs has updated its Conviction Lists for the U.S. and Asia-Pacific, adding Johnson & Johnson and Houlihan Lokey in the U.S., while Axis Bank, Horizon Robotics, and NextDC were added in APAC, reflecting their growth potential and resilience.
Company Insights: Johnson & Johnson is noted for its strong balance sheet and promising drug pipeline, while Houlihan Lokey benefits from economic downturn protection; Axis Bank is expected to improve profitability, and Horizon Robotics and NextDC are recognized for their significant revenue growth forecasts.
Analyst Views on MTH
Wall Street analysts forecast MTH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MTH is 85.50 USD with a low forecast of 74.00 USD and a high forecast of 104.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
2 Buy
4 Hold
0 Sell
Moderate Buy
Current: 74.550
Low
74.00
Averages
85.50
High
104.00
Current: 74.550
Low
74.00
Averages
85.50
High
104.00
About MTH
Meritage Homes Corporation is a designer and builder of single-family attached and detached homes. The Company’s segments include homebuilding and financial services. The homebuilding segment is engaged in the business of acquiring and developing land, constructing homes, marketing and selling those homes and providing warranty and customer services. It has operations in three regions: West, Central and East, which are comprised of 12 states: Arizona, California, Colorado, Utah, Texas, Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, and Tennessee. These three regions are its principal homebuilding segments. The financial services segment offers title and escrow, mortgage, and insurance services. Its financial services operations also provide mortgage services to its homebuyers through an unconsolidated joint venture. The Company’s homebuilding activities are conducted under the name of Meritage Homes in each of its homebuilding markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
