The S&P/ASX 200 Index (ASX: XJO) is on the rise, up 0.3% to 7,672.2 points, following a challenging market period. Notably, the consumer discretionary sector is leading this rebound, with the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) climbing 1.29%
Goldman Sachs (NYSE:GS) has identified several ASX retail shares that are expected to perform well in FY25. Following a recent market decline, these stocks are now priced more attractively. Here’s a look at the retail shares that Goldman Sachs highlights:
Domino’s Pizza Enterprises Ltd (ASX: DMP)
Goldman Sachs maintains a positive outlook on Domino’s Pizza Enterprises Ltd (ASX: DMP), with a 12-month price target of $41.30. Despite being down 49.5% year-to-date and 40.9% over the past year, Domino’s shares showed resilience, rising 0.9% yesterday while the broader market fell. Currently trading at $29.95, the stock has a potential upside of 38% based on Goldman Sachs’ target.
Treasury Wine Estates Ltd (ASX: TWE)
Treasury Wine Estates Ltd is another stock on Goldman Sachs’ radar, with a 12-month target price of $14.70. The share price has increased by 9.21% year-to-date but is down slightly over the past year. After slipping 3.89% yesterday, Treasury Wine Estates is up 0.78% today, trading at $11.68. The target price suggests a potential 26% upside.
Supply Network Ltd (ASX: SNL)
Goldman Sachs has set a price target of $27.40 for Supply Network Ltd (ASX: SNL). The stock fell 5.18% yesterday but is up 0.38% today, trading at $24.05. This small-cap retail stock remains a key pick for its potential growth in FY25.
Breville Group Ltd (ASX: BRG)
Breville Group Ltd is expected to perform well, with Goldman Sachs forecasting a 12-month target price of $30. Despite a 4.28% drop in share price yesterday, Breville is up 2.23% today, trading at $28.38. The broker anticipates strong results driven by growth in the US market and improved sales in Europe, the Middle East, and Africa.
Light & Wonder Inc. CDI (ASX: LNW)
Goldman Sachs projects a price of $190 for Light & Wonder Inc. CDI by FY25. The share price decreased by 6.13% yesterday but has risen 0.61% today, with current trading at $153.98. This suggests a potential 23% upside based on Goldman Sachs’ target.
These retail stocks are showing promising potential, with Goldman Sachs identifying them as key opportunities for growth in the upcoming financial year.