VRM - Goldman pinpoints stocks with the biggest analyst disparity: Alpha Tactics

Momentum stocks and companies yet to turn a profit are featured in the list of where Wall Street analysts have the most disagreement. "We find the companies whose future returns are hotly debated by screening for stocks with at least three analysts covering the stock where the standard deviation of consensus price targets is widest," Goldman Sachs chief U.S. equity strategist David Kostin writes in a note. The list is composed of companies "in a variety of industries about equally split between goods-producing and service-providing," he says. "More than half are expected to be unprofitable in 2022 and trade at a premium valuation to the median Russell 1000 stock." The top Russell 1000 (NYSEARCA:IWB) stocks with the widest variation in 12-month price targets are: GameStop (NYSE:GME), 3 estimates, standard deviation of PTs/mean PT 1.02 NovoCure (NASDAQ:NVCR), 7, 0.53 C3.ai (NYSE:AI), 9, 0.52 Vroom (NASDAQ:VRM), 11, 0.51 StoneCo (NASDAQ:STNE), 14, 0.5

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Goldman pinpoints stocks with the biggest analyst disparity: Alpha Tactics