Free Trial
→ Trump’s weapon lurks in abandoned America (From Porter & Company) (Ad) Free GS Stock Alerts

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

$498.51
+1.59 (+0.32%)
(As of 09/27/2024 ET)
Compare

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
5
Buy
14

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, 5 have given a hold rating, and 14 have given a buy rating for GS.

Consensus Price Target

$496.44
-0.42% Downside
According to the 19 analysts' twelve-month price targets for The Goldman Sachs Group, the average price target is $496.44. The highest price target for GS is $565.00, while the lowest price target for GS is $373.00. The average price target represents a forecasted downside of -0.42% from the current price of $498.51.
Get the Latest News and Ratings for GS and Related Stocks

Enter your email address to receive the latest news and analysts' ratings for The Goldman Sachs Group and its competitors.

Sign Up

GS Analyst Ratings Over Time

TypeCurrent Forecast
9/30/23 to 9/29/24		1 Month Ago
8/31/23 to 8/30/24		3 Months Ago
7/2/23 to 7/1/24		1 Year Ago
9/30/22 to 9/30/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
14 Buy rating(s)
14 Buy rating(s)
16 Buy rating(s)
12 Buy rating(s)
Hold
5 Hold rating(s)
4 Hold rating(s)
5 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$496.44$495.94$443.78$394.32
Forecasted Upside-0.42% Downside-2.80% Downside-4.29% Downside21.87% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

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.
Skip Chart & View Analyst Rating History

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.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

The Goldman Sachs Group Stock vs. The Competition

TypeThe Goldman Sachs GroupFinance CompaniesS&P 500
Consensus Rating Score
2.74
2.46
2.50
Consensus RatingModerate BuyHoldHold
Predicted Upside-0.42% Downside12.81% Upside6.16% Upside
News Sentiment Rating
Positive News

See Recent GS News
Positive News
Positive News
Export to Excel
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
9/18/2024Wolfe Research
3 of 5 stars		S. Chubak
Subscribe to MarketBeat All Access for the recommendation accuracy rating		UpgradeHold
9/9/2024JPMorgan Chase & Co.
3 of 5 stars		 Boost TargetOverweight ➝ Overweight$464.00 ➝ $472.00-3.74%
7/30/2024Morgan Stanley
3 of 5 stars		 Boost TargetOverweight ➝ Overweight$513.00 ➝ $561.00+11.00%
7/30/2024Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingSector Perform ➝ Sector Perform$500.00 ➝ $500.00-0.92%
7/17/2024BMO Capital Markets
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetMarket Perform ➝ Market Perform$360.00 ➝ $373.00-26.29%
7/16/2024Wells Fargo & Company
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOverweight ➝ Overweight$504.00 ➝ $550.00+8.93%
7/16/2024Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetNeutral ➝ Neutral$460.00 ➝ $485.00-3.56%
7/16/2024Evercore ISI
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperform ➝ Outperform$475.00 ➝ $520.00+3.57%
7/16/2024Barclays
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOverweight ➝ Overweight$493.00 ➝ $565.00+12.54%
7/16/2024Oppenheimer
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperform ➝ Outperform$504.00 ➝ $559.00+13.56%
7/9/2024UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$490.00 ➝ $535.00+12.75%
7/2/2024Seaport Res Ptn
Subscribe to MarketBeat All Access for the recommendation accuracy rating		J. Mitchell
Subscribe to MarketBeat All Access for the recommendation accuracy rating		DowngradeStrong-Buy ➝ Hold
6/27/2024Keefe, Bruyette & Woods
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperform ➝ Outperform$485.00 ➝ $520.00+14.00%
4/16/2024HSBC
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$460.00 ➝ $470.00+17.70%
4/16/2024Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetBuy ➝ Buy$450.00 ➝ $478.00+19.28%
4/16/2024Argus
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeHold ➝ Buy$465.00+16.03%
4/9/2024JMP Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetMarket Outperform ➝ Market Outperform$440.00 ➝ $460.00+11.96%
3/14/2024Daiwa Capital Markets
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeNeutral ➝ Outperform$410.00 ➝ $430.00+9.60%
2/27/2024Edward Jones
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageBuy
8/1/2023Atlantic Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeUnderweight ➝ Neutral$330.00 ➝ $351.00-1.37%
7/20/2023Credit Suisse Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingOutperform ➝ Outperform$410.00+20.39%
7/13/2023Odeon Capital Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeHold ➝ Buy$355.75+8.99%
7/10/2023Societe Generale
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeBuy ➝ Hold
1/6/2023Deutsche 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 Sunday at 05:28 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 Wednesday, September 4, 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

green Wall Street bull icon

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

  • The Goldman Sachs Group's stock has received positive ratings from multiple investment analysts, with an average rating of "Moderate Buy" and an average price target of $495.94, indicating potential growth.
  • Recent insider trading activities show that key insiders have been buying shares of the company, which can be interpreted as a sign of confidence in the company's future performance.
  • Institutional investors and hedge funds own a significant portion (71.21%) of The Goldman Sachs Group's stock, suggesting strong institutional support and confidence in the company's stability.
  • The company's diversified business segments, including Global Banking & Markets, Asset & Wealth Management, and Platform Solutions, provide a broad revenue base and reduce dependency on any single sector.
  • The recent increase in price targets by various research firms, such as Morgan Stanley, Citigroup, and Wells Fargo, indicates positive sentiment and potential upside for the stock.

The Goldman Sachs Group
Bear Case

red Wall Street bear icon

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

  • Despite the positive ratings, there are still five investment analysts who have rated the stock as a hold, suggesting some uncertainty or caution in the market regarding the company's future performance.
  • Recent insider selling activities, including significant sales by insiders like Brian J. Lee and Director Thomas K. Montag, may raise concerns about insider sentiment and future prospects of the company.
  • Some research firms, such as Seaport Res Ptn, have downgraded their ratings on The Goldman Sachs Group, indicating a potential shift in sentiment or concerns about the company's outlook.
  • While the company has a strong institutional investor base, the high percentage of ownership by institutional investors (71.21%) may limit the influence of individual retail investors on the stock's performance.
  • Market volatility and regulatory changes in the financial sector could impact The Goldman Sachs Group's operations and profitability, leading to potential risks for investors.

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 $496.44, with a high forecast of $565.00 and a low forecast of $373.00.

19 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for The Goldman Sachs Group in the last twelve months. There are currently 5 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" GS shares.

According to analysts, The Goldman Sachs Group's stock has a predicted downside of -0.42% 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 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.

Related Companies:
Today's Ratings:
Top Rated Stocks:
More Ratings Tools:

This page (NYSE:GS) was last updated on 9/29/2024 by MarketBeat.com Staff
From Our Partners
It’s over.
We found a tiny company which provides the backbone for the entire $15.7 trillion AI industry... It's used ...
Behind the Markets | Sponsored