Goldman Sachs Top European Stock Picks Have a Hidden Perk for Income Investors

Impact · against what's priced in

The addition of these companies to Goldman Sachs' high-conviction list provides a positive catalyst for BBVA, HSBC, and Haleon through expected institutional inflows. For ASML, the news is largely noise as the market's current valuation depends on specific hardware shipment volumes and margins rather than general analyst ratings.

ASML+0.00

Doesn't touch the price's assumptions

In context

The inclusion on a conviction list does not address the specific volume thresholds for Low-NA EUV shipments in 2027 or gross margin targets that currently drive the stock's valuation.