Top 3 Stocks Goldman Sachs Predicts Will Dominate 2025

Key Points

• Goldman Sachs just released its 2025 macro outlook report, pointing to the best industries that will likely be winners this year.
• Investors can choose these three stocks as the best picks in these industries to align their money with the best upside.
• Wall Street analysts and institutional investors agree that there's a double-digit upside.

Now that the 2024 trading year is over, all the biggest investment banks and brokers are starting to roll out their reports and views to align themselves with what 2025 might bring. These outlooks and opinions are often the foundation and benchmark used by clients and other Wall Street players in the industry, so it is more important than ever for retail investors to keep them in mind.

In their 2025 macro outlook report, Goldman Sachs analysts expect many rotations to take place in the broader market, though a lot of capital seems to be headed into a few select industries. With manufacturing stocks, energy stocks, and domestic producer names in mind as recommendations from this report, investors can get a much clearer idea of where their money should be allocated.

Though not all stocks in these industries are made equal, there has to be a powerful fundamental thesis, one that is recognized by Wall Street analysts and other participants, in order for retail investors to justify adding them to their portfolios. Names like Boeing Co. NYSE: BA, Intel Co. NASDAQ: INTC, and even Chevron Co. NYSE: CVX all fit this criteria to be considered in 2025.

Boeing’s Growth Story: Unmatched Upside Potential

When it comes to Boeing’s turf, the transportation and defense industries, no other name comes close to offering investors the sort of earnings per share (EPS) upside at such a steep discount. Being a domestic manufacturer and net exporter, this stock fits perfectly into the Goldman Sachs narrative for 2025.

For example, Wall Street analysts now forecast up to $2.64 in EPS over the next 12 months, a massive increase from today’s net loss of $10.44 per share. Considering that stock prices are driven mainly by their underlying earnings growth, this should be enough to justify a much higher stock price for the company in the future.

And that is why investors can see the recent buying activity coming from those at State Street. As of November 2024, these institutional buyers decided to boost their Boeing stock holdings by 2.3%, bringing their net position to a high of $4.2 billion today, or 4.5% ownership in the company.

More than that, analysts from Deutsche Bank decided to reiterate their buy ratings on Boeing stock as of January 2025, this time placing a $215 price target on the company. To prove this new valuation right, investors face a net upside of as much as 26% from where the stock trades today.

Intel Stock’s Discount Won’t Last

While not directly a manufacturing stock, Intel has been increasing its production exposure to locations within the United States, such as Ohio and Arizona, all part of the CHIPS and Science Act. By becoming the leader in domestic semiconductor production, Intel fits right into this Goldman Sachs bullish view for net exporters.

In addition, the stock trades at a low of 40% of its 52-week high, making it an irresistible potential buy right now, an opportunity that some buyers have already begun taking advantage of. State Street took matters into its own hands again with this stock, as it recently boosted its positions in Intel stock by 2.8% to bring it up to a $4.6 billion stake.

Justifying a buy-in, Intel goes beyond its increased exposure to domestic manufacturing and production; it also has to do with Wall Street analysts and their EPS forecasts.

For the next 12 months, analysts expect to see Intel’s EPS at $0.29, another massive change from today’s net loss of $0.46.

Investors shouldn’t be surprised to see these same analysts place a consensus price target of up to $30 a share on the stock as well, calling for a possible 51.2% upside from its current low.

Energy Stocks Will Boom

Goldman Sachs predicts that crude oil prices will have a major upside shock, citing that supply is being constrained in the United States and in other countries as well.

Expectations for further demand contractions have driven the supply side to a dangerously tight state, where a rebound in business activity could quickly cause a bottleneck.

This is where Chevron stock fits in this recommendation.

Now that the stock trades at 88% of its 52-week high, investors can safely assume that relatively bullish momentum favors this name and its proposition, which is why analysts from the UBS Group now see a buy rating alongside a $195 price target for it.

An implied 32.5% upside from today’s price in this stock could be enough to get investors excited about owning some energy exposure in their portfolios, just like those from Franklin Resources when they accumulated a stake of up to $2.6 billion in Chevron stock as of November 2024.