Goldman Sachs updates European Conviction List with Rheinmetall top pick

Goldman Sachs has updated its European ‘Conviction List’ for October, identifying several high-potential stock picks. The German defense company Rheinmetall leads the list with a projected upside of 143 percent, followed by Adyen with a projected 111 percent increase.

Four new additions were made to the list this month: Solaria, a Madrid-based solar and wind energy company; Straumann, a Swiss dental implant specialist; Scout24, a German real estate platform; and IMCD, a Dutch company.

Goldman Sachs analysts set a price target of 25 euros for Solaria, citing growth drivers in data centers and battery storage. For Straumann, the bank anticipates a target of 125 Swiss francs, driven by potential sales growth in China. Scout24 is highlighted for its potential to reach 700,000 private subscribers by 2028 through its Living+ suite.