Summary:
- Goldman Sachs (GS, Financial) reports impressive third-quarter earnings, beating expectations.
- Current analyst consensus suggests significant upside potential for GS stock.
- GuruFocus's GF Value indicates a potential slight downside for GS in the near term.
Goldman Sachs (GS) has announced robust financial results for the third quarter, with a GAAP EPS of $14.12, surpassing projections by $1.85. The financial giant achieved a revenue milestone of $15.06 billion, outperforming forecasts by $350 million. This achievement comes despite lingering concerns regarding deal activity and management fees.
Wall Street Analysts Forecast
Goldman Sachs is receiving positive attention from analysts, with average one-year price targets set by 17 analysts indicating an optimistic future. The average target price stands at $612.00, with high and low estimates of $760.00 and $538.00, respectively. This projection suggests a potential upside of 23.78% from the current price of $494.44. For more detailed estimations, visit the The Goldman Sachs Group Inc (GS, Financial) Forecast page.
The consensus recommendation from 23 brokerage firms positions The Goldman Sachs Group Inc (GS, Financial) at an average brokerage recommendation of 2.4. This rating indicates an "Outperform" status on a scale from 1 to 5, where 1 is a Strong Buy and 5 signifies Sell.
GF Value Estimation
According to GuruFocus estimates, the estimated GF Value for The Goldman Sachs Group Inc (GS, Financial) in one year is $450.92. This suggests a potential downside of 8.8% from the current market price of $494.44. The GF Value reflects the perceived fair value of the stock based on its historical trading multiples, past business growth, and future performance forecasts. For a deeper dive into these metrics, visit the The Goldman Sachs Group Inc (GS) Summary page.
