Business
Leading broker tips Costa (ASX:CGC) share price to rocket higher
The Costa Group Holdings Ltd (ASX: CGC) share price has been a very strong performer over the last 12 months.
Since this time in 2020, the horticulture company’s shares have risen a sizeable 48%.
Can the Costa share price go even higher?
The good news for investors is that the Costa share price has been tipped to go even higher from here.
According to a note out of Goldman Sachs this morning, the broker has upgraded the company’s shares to a buy rating and lifted the price target on them by a massive 55% to $5.35.
Based on the latest Costa share price, this price target implies potential upside of 21.6% excluding dividends.
And with Goldman forecasting a 2.8% fully franked dividend yield over the next 12 months, this potential…
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