The investment bank was the worst-performing stock of Lowery’s picks, down about 17 percent since the start of the draft.
However, he’s still a believer in the name. Sticking with the Super Bowl theme, he compared the company to Patriots owner Robert Kraft. Like Kraft, Goldman re-established its dominance in its field, Lowery said. The Patriots lost the 2018 Super Bowl to the Philadelphia Eagles but came back for the win this year. And Goldman Sachs, he said, is once again an authority in mergers and acquisitions.
“You’re going to see a lot of $50 [billion] and $100 billion mergers from Goldman Sachs,” Lowery predicted.
Lowery will defend his title in the CNBC 2019 Stock Draft on April 25.
Disclosure: CNBC owns the exclusive off-network cable rights to “Shark Tank.”
contributed to this report.