[ad_1]
Stocks that could rise on the back of their next earnings results include Hershey and Wynn Resorts , according to Goldman Sachs. The third-quarter earnings season commences next week with gusto, with major banks such as JPMorgan, Goldman Sachs, Morgan Stanley, Citibank and Wells Fargo on the docket to report. Around 7% of the S & P 500 — or 34 companies in the benchmark — will post their most recent quarterly results, per FactSet. As earnings season kicks off, Goldman Sachs shared a basket of stocks that have the most potential to see upward revisions. These new estimates could, in turn, drive post-earnings upside in these names. One name in the basket was chocolate and confectionery manufacturer Hershey, up 14% this year. The company is set to report earnings on Oct. 30. Last week, Goldman Sachs added Hershey to its list of top conviction ideas. The firm’s price target of $222 is about 14% above where shares ended on Wednesday. “After experiencing a post-pandemic spike, HSY shares have sold off sharply and lagged the broader group amidst higher cocoa prices, waning demand partly tied to obesity drug proliferation, and a lack of innovation,” the firm wrote. “But … a new CEO with channel experience is poised to drive an innovation pipeline. Plus HSY should have room to raise prices as it catches up with white label price hikes that HSY ignored.” Goldman is also bullish on Wynn Resorts, which releases earnings on Nov. 6. Shares of the casino and resort operator have surged 42% in 2025. Also last week, Goldman named the stock as one of its favorite names. “We highlight WYNN (Buy) as one of our top picks in gaming on the basis that the company offers best-in-class assets with favorable demographic exposure which can buck some of the trends in Vegas, our channel checks show that WYNN is gaining market share in Macau QTD, and WYNN has a highly visible catalyst path with the UAE Investor Event in December, which we expect to drive more value unlock given what we see as conservative current guidance, and as we move closer to the 1Q27 opening date,” wrote analyst Lizzie Dove. Dove’s new price target of $150 per share, up from $124, is approximately 23% above where shares closed on Wednesday. Walt Disney was another stock on Goldman’s list. The entertainment giant will next report earnings on Nov. 13. UBS echoed its bullishness on Disney shares in a note from late September, calling the stock its top pick within cable, satellite and telecom services. “We remain bullish on Disney shares and continue to view parks as a value driver (which should improve as new attractions/cruise capacity comes online) while multiple levers remain at DTC to drive upside (price increases, Hulu synergies, etc.),” the bank wrote. UBS’ price target of $138 implies that shares could rise 23% from here. ( Learn the best 2026 strategies from inside the NYSE with Josh Brown and others at CNBC PRO Live. Tickets and info here . )
[ad_2]
Source link
