Tele2 and Wise added to Goldman’s European Conviction List

Published 02/05/2025, 11:14
© Reuters.

Investing.com -- Tele2 (ST:TEL2b) and Wise (LON:WISEa) PLC were added to the European Conviction List, as Adyen (AS:ADYEN) and Tesco (OTC:TSCDY) were removed from the same list.

Analysts see a positive outlook for Tele2, with expectations of significant price increases in the Swedish market throughout 2025. The company is also anticipated to achieve faster bottom-line growth than its peers, driven by its focus on cost-cutting and efficiency improvements.

Wise, known for its best-in-class technology, is expected to continue gaining market share in its core cross-border payments market. Analysts highlight Wise’s efforts to reduce costs for end customers and note the strong customer engagement with the Wise Account. The firm is also recognized for its revenue diversification strategies.

The upcoming months are considered to be filled with potential catalysts for Wise, starting with its customer conference on May 13, 2025. Other key events include the announcement of full fiscal year results on June 5, the first-quarter trading statement for 2026 on July 17, and a possible update regarding the company’s inclusion in the FTSE 100 index.

Both Tele2 and Wise are now part of an exclusive list of stocks that demonstrate strong conviction from analysts regarding their market performance and growth potential. The changes reflect the ongoing assessments of market opportunities and company strategies by industry experts.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.