Goldman Sachs Is Bullish On Relx: Why It's A Generative AI Play
Portfolio Pulse from Priya Nigam
Goldman Sachs has upgraded its rating for Relx PLC (NYSE:RELX) from Neutral to Buy, raising the price target from £30.46 to £34.05. The firm believes that Relx is well positioned on generative AI to strengthen its existing data and IP competitive advantage. The application of GenAI across the company’s product suite could accelerate revenue growth, particularly in Legal with Lexis+ AI, leading to margin expansion.
October 04, 2023 | 5:03 pm
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Goldman Sachs has upgraded its rating for Relx PLC and raised the price target, indicating a positive outlook for the company. The firm's strong position in generative AI and potential for accelerated revenue growth could positively impact the stock price.
The upgrade from Goldman Sachs, a major financial institution, is a strong positive signal for Relx PLC. The firm's belief in Relx's strong position in generative AI and its potential for accelerated revenue growth could lead to increased investor confidence and a potential rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100