The Goldman Sachs Group (GS) Stock Forecast & Price Target

$605.50 +2.47 (+0.41%)

(As of 04:45 PM ET)

The Goldman Sachs Group - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 19 Analyst Ratings

Sell
0

Hold
6

Buy
13

Based on 19 Wall Street analysts who have issued ratings for The Goldman Sachs Group in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 19 analysts, 6 have given a hold rating, and 13 have given a buy rating for GS.

Consensus Price Target

$550.63
-9.06% Downside

According to the 19 analysts' twelve-month price targets for The Goldman Sachs Group, the average price target is $550.63. The highest price target for GS is $680.00, while the lowest price target for GS is $373.00. The average price target represents a forecasted downside of -9.06% from the current price of $605.50.

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GS Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	13 Buy rating(s)	14 Buy rating(s)	14 Buy rating(s)	12 Buy rating(s)
Hold	6 Hold rating(s)	5 Hold rating(s)	4 Hold rating(s)	6 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$550.63	$524.69	$495.94	$393.76
Forecasted Upside	-9.06% Downside	2.36% Upside	-1.43% Downside	16.60% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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GS Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

GS Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

The Goldman Sachs Group Stock vs. The Competition

Type	The Goldman Sachs Group	Finance Companies	S&P 500
Consensus Rating Score	2.68	2.49	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	-8.69% Downside	8.95% Upside	6.38% Upside
News Sentiment Rating	Positive News See Recent GS News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/26/2024	HSBC 2 of 5 stars		Downgrade	Buy ➝ Hold	$569.00 ➝ $608.00	+0.82%
11/21/2024	Citigroup 3 of 5 stars		Boost Target	Neutral ➝ Neutral	$485.00 ➝ $585.00	-1.11%
11/15/2024	Wells Fargo & Company 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$600.00 ➝ $680.00	+15.56%
11/5/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$614.00 ➝ $661.00	+27.17%
10/16/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$565.00 ➝ $588.00	+11.10%
10/16/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$472.00 ➝ $520.00	-2.62%
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10/16/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$520.00 ➝ $575.00	+8.01%
10/16/2024	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$555.00 ➝ $570.00	+8.11%
10/16/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$563.00 ➝ $575.00	+10.03%
10/16/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$560.00 ➝ $570.00	+9.07%
10/9/2024	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Outperform ➝ Market Outperform	$525.00 ➝ $550.00	+10.76%
10/8/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$550.00 ➝ $560.00	+12.90%
9/18/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Chubak Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
7/30/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Sector Perform ➝ Sector Perform	$500.00 ➝ $500.00	-0.92%
7/17/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$360.00 ➝ $373.00	-26.29%
7/2/2024	Seaport Res Ptn Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Mitchell Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
4/16/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$465.00	+16.03%
3/14/2024	Daiwa Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform	$410.00 ➝ $430.00	+9.60%
2/27/2024	Edward Jones Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy
8/1/2023	Atlantic Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underweight ➝ Neutral	$330.00 ➝ $351.00	-1.37%
7/20/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$410.00	+20.39%
7/13/2023	Odeon Capital Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$355.75	+8.99%
7/10/2023	Societe Generale Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
1/6/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$370.00 ➝ $345.00	+0.36%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 05:16 PM ET.

Should I Buy The Goldman Sachs Group Stock? GS Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, November 22, 2024. Please send any questions or comments about these The Goldman Sachs Group pros and cons to contact@marketbeat.com.

The Goldman Sachs Group
Bull Case

Here are some ways that investors could benefit from investing in The Goldman Sachs Group, Inc.:

The Goldman Sachs Group, Inc. reported a strong quarterly earnings result with an EPS of $8.40, significantly exceeding the consensus estimate of $6.89, indicating robust financial performance.
The company has announced a quarterly dividend of $3.00 per share, translating to an annualized dividend of $12.00, which offers a yield of approximately 2.06%. This consistent dividend payment can provide a steady income stream for investors.
Recent analyst upgrades have boosted the price target for The Goldman Sachs Group, Inc. to as high as $661.00, suggesting strong future growth potential and positive market sentiment.
The company has shown a year-over-year revenue increase of 7.4%, reaching $12.70 billion, which reflects its ability to grow and adapt in a competitive market.
With a current stock price around $500.00, the stock is perceived as having room for appreciation based on the average target price of $535.75 set by analysts, indicating potential upside for investors.

The Goldman Sachs Group
Bear Case

Investors should be bearish about investing in The Goldman Sachs Group, Inc. for these reasons:

The company has a current ratio of 0.67, which indicates potential liquidity issues, as it suggests that The Goldman Sachs Group, Inc. may not have enough short-term assets to cover its short-term liabilities.
With a debt-to-equity ratio of 2.32, The Goldman Sachs Group, Inc. is highly leveraged, meaning it relies significantly on debt financing, which can increase financial risk, especially in volatile market conditions.
Despite recent earnings success, the company’s net margin of 9.89% may indicate that profit margins are under pressure, which could affect future profitability.
Five analysts have rated the stock with a hold rating, suggesting that there may be concerns about the stock's performance and that it may not be the best time to invest.
The Goldman Sachs Group, Inc. operates in a highly competitive financial services industry, which can lead to challenges in maintaining market share and profitability amidst economic fluctuations.

GS Forecast - Frequently Asked Questions

: According to the research reports of 19 Wall Street equities research analysts, the average twelve-month stock price forecast for The Goldman Sachs Group is $550.63, with a high forecast of $680.00 and a low forecast of $373.00.
: 19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for The Goldman Sachs Group in the last twelve months. There are currently 6 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" GS shares.
: According to analysts, The Goldman Sachs Group's stock has a predicted downside of -9.06% based on their 12-month stock forecasts.
: Over the previous 90 days, The Goldman Sachs Group's stock had 1 upgrade and 1 downgrade by analysts.
: The Goldman Sachs Group has been rated by research analysts at Bank of America, Barclays, Citigroup, Evercore ISI, HSBC, JMP Securities, JPMorgan Chase & Co., Keefe, Bruyette & Woods, Morgan Stanley, Oppenheimer, UBS Group, Wells Fargo & Company, and Wolfe Research in the past 90 days.
: The Goldman Sachs Group also publishes sell-side equities research reports and recommendations about other companies, which can be viewed at its brokerage rating page.
: Analysts like The Goldman Sachs Group more than other "finance" companies. The consensus rating for The Goldman Sachs Group is Moderate Buy while the average consensus rating for "finance" companies is Hold. Learn more on how GS compares to other companies.

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This page (NYSE:GS) was last updated on 11/26/2024 by MarketBeat.com Staff

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The Goldman Sachs Group (GS) Stock Forecast & Price Target