Goldman Sachs Says This Stock Can Soar After Earnings Release

Goldman Sachs said this stock can soar more than 80% after its latest quarterly report.

The firm put a buy rating on this stock which they believe "has substantial deep value upside as financial inputs and valuation both remain at trough while long-term fundamentals are strong."

Subscribe to CNBC Pro to see which stock is expected to rally after their latest earnings report.

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See below for Pro analysis of the biggest names that have reported this week so far:

AMAZON (AMZN)

JPMorgan still sees Amazon as best investing idea ahead of third quarter earnings

Even amid worry that the U.S. is facing a recession that will hit retailers, Amazon remains JPMorgan’s best idea ahead of its third quarter earnings results, due Thursday. READ MORE

An Amazon Prime truck is pictured as it crosses the George Washington Bridge on Interstate Route 95 during Amazon’s two-day “Prime Early Access Sale” shopping event for Amazon members in New York, October 11, 2022.

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ALPHABET (GOOGL)

Wall Street analysts see short-term pressure for Alphabet following earnings miss

Alphabet’s latest quarterly results have analysts wary about the tech giant’s near-term prospects. Those weaker-than-expected results were driven by a slowdown in ad spending and a slip in revenue at YouTube, areas where analysts expected growth. READ MORE

Sundar Pichai, chief executive officer of Alphabet Inc., speaks during the virtual Google I/O Developers Conference in New York, US, on Wednesday, May 11, 2022.

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META (META)

Wall Street analysts are worried about Meta as it plans to spend even more money on the metaverse

Meta’s third-quarter results have Wall Street analysts split on the struggling tech stock. Shares of Meta plunged 23% in Thursday premarket trading after the social media company reported an earnings miss and issued a weaker-than-expected forecast for the fourth quarter. READ MORE

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CVS HEALTH (CVS)

Goldman says this options strategy around earnings is returning 13%. How to play it next

The earnings season has been slightly better-than-expected so far, and that has created a winning trend for options traders, according to Goldman Sachs. READ MORE

People walk by a CVS Pharmacy store in the Manhattan borough of New York City.

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WHIRLPOOL (WHR)

Bank of America downgrades Whirlpool on ‘severe’ drop in appliance demand

Consumers aren’t buying as many appliances as they used to, and that’s bad news for Whirlpool according to Bank of America. READ MORE

An employee stands next to a Whirlpool washing machine inside a home appliances showroom in New Delhi.

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