Goldman Sachs has just acquired and added three global stocks to its portfolio, in addition to adding them to its “convictions” list.

These companies are currently listed in the United States, Europe and Asia, and are characterized by having a buy rating by analysts in each region.

3 global stocks to buy in August

SSE PLC

It is a UK-based company focused on regulated electricity networks and renewable energy.

For Goldman experts, the country is going through a “considerable” increase in investment in electrical networks, which will favor the growth of the company.

“SSE's leading capabilities relative to its peers position it well to capture this investment growth, which…extends beyond the company's current capital spending plan and warrants a new valuation rating,” Goldman said.

Analysts at the bank set a price target of nearly $32, meaning a potential 34% upside to Friday's close.

Lenovo

Based in China, this technology firm is dedicated to manufacturing PCs and notebooks.

“Overall server contribution is improving through share gains and product mix upgrades, as well as better supply of [graphics processing units] helping with the rise of its AI server,” said the bank.

From Goldman they indicated a target price of 14 Hong Kong dollars, that is, a potential increase of 46%.

GigaDevice

It is a semiconductor company that is especially dedicated to manufacturing DRAM (dynamic random access memory). This type of device is necessary to process data.

The business is expected to deliver 100% growth by 2025.

Experts set a price target of 125 yuan or 17.5 USD, which means an increase of almost 61%.