This financial services company can gain steam moving forward after going public last month, according to Goldman Sachs.
Financial services company Marex Group could see more than 70% from here, due to its momentous growth rate, according to Goldman Sachs. The firm initiated coverage of London-based Marex Group, a global broker-dealer and commodities market maker, on Monday with a buy rating and a $33 per share price target. Goldman's forecast implies a roughly 73% rally from Friday's closing price of $19.08 a share.
So-called FCMs include individuals and companies that solicit or accept transaction orders for commodities for future delivery. Marex Group debuted on the Nasdaq in late April, priced initially at $19 a share. The stock's performance has been tepid since then, as Friday's close reflects an increase of less than 0.5% from that offering price.
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