Goldman Sachs (GS) has been achieving remarkable performance, consistently trading higher for several consecutive sessions. The company's Q1 2024 earnings have exceeded market expectations contributing to increasing stock prices and projecting a positive view from analysts. Wells Fargo & Company has given GS a new price target at a stunning $504.00. Additionally, Zacks Research predicted robust Q2 2024 earnings per share, and forecasted an elevated Q4 2024 earnings as well. There seems to be a robust institutional backing with ownership percentages reaching up to 69%. However, certain bearish signals have been noted with insiders reportedly selling off stock. Despite the broader market scenario, GS stock has demonstrated notable resilience and offered good returns to investors. It has also enjoyed several upgrades and has beat analyst forecasts multiple times. The company's ambitious objective to expand its private credit portfolio to $300 billion in five years is noteworthy. However, a few concerns have been raised including ongoing investigation over futures trading fee, and some doubts regarding revenue sustainability.
Goldman Sachs Group GS News Analytics from Mon, 11 Sep 2023 07:00:00 GMT to Thu, 09 May 2024 20:09:16 GMT -
Rating 8
- Innovation 6
- Information 8
- Rumor 3
