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Baker Hughes

Goldman Sachs’ Reported Buy Picks Ahead of Q3 Earnings: Five Stocks to Watch

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A report dated October 3, 2026, says Goldman Sachs sees Buy opportunities ahead of third-quarter earnings in Disney, UPS, Omnicom, Nu Holdings and Baker Hughes. The five ideas hinge on different possible catalysts, from Disney’s investment cycle to Baker Hughes’ integration of Chart Industries. The report is a secondary reproduction: the original CNBC story and Goldman research notes were not available, so ratings, targets, forecasts and quotations below are attributed to that report—not independently confirmed as current Goldman recommendations.

What the October 3 report says about each stock

The figures and dates in this table are as stated in the October 3, 2026 report; they were not independently checked against primary company, analyst or market-data sources. “Not stated” means the report did not give a comparable figure.

Company Reported Goldman view Reported figures or timing
Disney (DIS) Buy; analyst Michael Ng $140 per share target, reduced from $144; estimated 13% EPS compound annual growth rate (period and method not stated); shares down 10% year to date as of the report
Baker Hughes (BKR) Coverage reinstated at Buy; analyst Neil Mehta Shares up 23% year to date as of the report; earnings described as due in late October
Nu Holdings (NU) Buy reiterated; analyst Tito Labarta $23 per share target
United Parcel Service (UPS) Buy opportunity reported; analyst and target not stated Target and earnings date not stated
Omnicom (OMC) Buy opportunity reported; analyst and target not stated Q3 reporting date given as October 20, 2026; shares described as trading at 6x estimated 2027 EPS

What could drive each earnings thesis—and what to check

Disney: investments are meant to support longer-term earnings growth

The report attributes to Ng the view that Disney is a “multi-year earnings compounder” entering a broader investment cycle in its products and Experiences business. He is quoted as saying the company is in the “early stages” of that cycle. The reported growth estimate is forward-looking; the report does not establish its calculation period or methodology.

At the next results, readers can look for company disclosures on operating performance and investment spending in the businesses behind that thesis. The key question is whether investment is accompanied by the earnings progress Ng expects, rather than simply whether spending rises.

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Baker Hughes: Chart integration and potential synergies

The report says Goldman reinstated coverage after Baker Hughes closed its acquisition of Chart Industries. Mehta’s reported thesis is that operational and geographic synergies could contribute to revenue and margin growth, with “multiple paths for earnings expansion through 2030.” Those are expected benefits, not confirmed outcomes.

Subsequent company reporting can help readers assess progress on integration, costs and margins. There is also relevant context in evaluating the analyst view: the report says Goldman advised Baker Hughes and helped provide debt financing for the Chart transaction.

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Nu Holdings: a possible move into U.S. consumer credit

Labarta’s reported case centers on Nu’s prospective U.S. consumer-credit business. He argued that its “ultra-low cost digital approach” and customer experience could support market entry, while acknowledging a competitive market with significant upside potential. The report says the target estimate included some initial U.S. expansion costs but excluded potential upside; that is an analyst assumption, not evidence that expansion will succeed.

Useful evidence to watch would include company updates on whether it proceeds, how it approaches the market and what costs or operating results it discloses. The report does not provide independent evidence about likely U.S. customer demand or competitive performance.

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UPS: a potential profit-growth inflection after network changes

The reported Goldman view is that the Amazon volume drawdown and associated cost take-out are complete, potentially allowing more consistent profit growth. The thesis also relies on a leaner, more automated domestic network with higher yields. The source provides no independent operating data confirming that the expected inflection has begun.

At earnings, readers can compare company disclosures on volume, costs, network efficiency and yield with the direction implied by that thesis. The central uncertainty is whether operational changes translate into sustained profit growth.

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Omnicom: media growth and organic performance

The report says Goldman considers consensus expectations for organic growth too cautious and sees media growth as an important driver. It quotes the analyst view that “Q3 results could be a positive catalyst.” The cited valuation multiple and reporting date are time-sensitive claims from the report, not verified current market data or an official company calendar.

When results are released, readers can check reported organic growth and media performance against the expectation of stronger growth. The report does not identify the estimate source behind the cited 2027 earnings multiple.

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How to assess the five ideas

  • Separate a rating from evidence. A reported Buy view and price target express an analyst’s opinion; they do not promise a share-price outcome or establish that the rating is still current.
  • Check the underlying catalyst. Use each company’s earnings release and investor materials to see whether the relevant investment, integration, market entry, network transition or growth driver is progressing.
  • Verify time-sensitive figures. Share moves, targets, earnings dates and valuation multiples can change. Confirm them with current company materials and reliable market data before relying on them.
  • Do not infer a ranking. The available report does not provide enough independently verified evidence to compare relative upside across the five stocks.

All quoted analyst statements above are quotations as reproduced in the October 3 report. The report attributes named views to Michael Ng, Neil Mehta and Tito Labarta but does not link to the original Goldman notes. A separate AllMind page labels CNBC as its source; its own portfolio actions and sentiment scores are not treated here as Goldman views.

Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.

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