Goldman Sachs (GS) closed the most recent trading day at $580.13, moving +0.9% from the previous trading session.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Zacks.com users have recently been watching Goldman (GS) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Goldman Sachs is rated a 'buy' due to leadership in deal flow, strong capital attraction, and favorable macro tailwinds, despite recent price momentum. The company's diversified operations and record $3.10 trillion AUS drive accretive fee-related earnings, with significant growth in Asset and Wealth Management. Goldman Sachs' valuation metrics indicate it remains undervalued relative to peers, with a fair value of $615.96, offering a 16.94% upside.
The latest trading day saw Goldman Sachs (GS) settling at $570.78, representing a +0.83% change from its previous close.
Goldman (GS) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
GS benefits from a revival of global M&A deals. Its expansion in the private equity line looks promising.
Goldman Sachs' CFO is optimistic about the deal activity outlook in 2025 after the US presidential election due to enhanced client dialogue. The stock's financials have firmly recovered due to strong Asset Management & Equity Trading, and in Q3, earnings were beaten by a substantial amount. Although the valuation remains high, it is cheaper than its closest peer, and it has remained within the same range throughout the year without expanding, while the stock has appreciated.
Goldman Sachs (GS) closed the most recent trading day at $586.33, moving +0.15% from the previous trading session.
GS obtains a license for fund sales from the Beijing Bureau of China Securities Regulatory Commission.
Goldman Sachs hosted its GS Financials conference from December 10-11, bringing together banking executives to discuss key industry trends. Goldman Sachs (GS) global investment research managing director & senior analyst Alex Blostein joined Catalysts to share insights from top banking executives.
Denis Coleman, CFO at Goldman Sachs, sees the potential for a “more favorable” M&A environment heading into 2025 and calls talent a “mission critical” component of the firm's success. He speaks with Sonali Basak from a Goldman Sachs Group Inc. conference.