Goldman Sachs Spotlights Six “Buy-Rated” Stocks After Strong Q2 Earnings

Following the release of second-quarter earnings, Goldman Sachs issued buy ratings for six companies it believes are positioned for growth. The list, highlighted in a CNBC Pro briefing, includes Loar Holdings, Toast, MasTec, Quanta Services, Stubhub and additional picks such as Loar Holdings and MasTec. Analysts cited revenue and earnings guidance that exceeds consensus, as well as sector-specific tailwinds, to justify the recommendations.

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• Loar Holdings – Aerospace-defense component maker; shares have risen 14% this year.

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• Toast – Fintech restaurant platform; stock up 16% over the past month. Goldman analysts said the company’s investment spending concerns are “overdone” and pointed to higher-margin outlooks driven by its AI-powered marketing suite, Toast IQ Grow.

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• MasTec – Infrastructure and engineering firm; shares up 37% this year. Analyst Neil Mehta projected an EPS compound-annual growth rate of roughly 17% through 2030, citing expected pipeline and data-center projects.

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• Quanta Services – Power-sector contractor; analysts forecast an EPS CAGR of about 19.5% from 2026-2030, driven by growth in electric and underground infrastructure businesses.

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Goldman analysts collectively emphasized margin expansion as a central theme. Poponak described Loar as a “long-term compounder” with upside to near-term estimates. The firm also noted that Toast’s recent earnings reflect “structurally higher margins” despite short-term hardware margin pressure.

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• “Upside to near-term estimates, for this long-term compounder,” — Noah Poponak, Loar Holdings analyst “Upside to near-term estimates, for this long-term compounder,” — Noah Poponak, loar holdings analyst

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• “However, we think TOST management did a good job tempering that message with the upbeat commentary around structurally higher margins in the business going forward ... With shares now pricing in significant growth related investments and depressed margins in hardware in the near term, we believe the risk reward is positive and remain Buy rated.” — Goldman analysts “With shares now pricing in significant growth related investments and depressed margins in hardware in the near term, we believe the risk reward is positive and remain Buy rated,” — Goldman

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• “As we look longer-term, we expect MTZ to continue winning key projects, particularly in pipelines and infrastructure, supporting EBITDA margin expansion and an EPS CAGR between 2025-2030 of ~17% ... Amid continued focus on margin growth for MTZ, we see the inclusion of large projects over the long-term on both the pipelines and infrastructure sides of the business as main drivers of EBITDA margin expansion.” — Neil Mehta, analyst “Amid continued focus on margin growth for MTZ, we see the inclusion of large projects over the long-term on both the pipelines and infrastructure sides of the business as main drivers of EBITDA margin expansion,” — Neil Mehta, analyst

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