GOLDMAN: Here are the 8 most overpriced stocks on the market

Goldman Sachs doesn't see a whole lot of upside for the stock market in aggregate.

For some stocks, the firm sees a whole lot of downside.

In a new chartbook for the first quarter, Goldman Sachs' David Kostin and his team have compiled a list of stocks that are priced much too high compared to the firm's analysts' price targets.

The companies whose valuations are too rich include luxury retailers, offshore drillers, and tech manufacturers.

We've compiled the top 8 most-overpriced stocks. To be included on our list, the company had to have 20% or further to fall to its Goldman Sachs price target. We've also added a comment on the business outlook from management during the company's most recent quarterly earnings call.

Check out the whole list below.