Key Takeaways:
- Goldman Sachs (GS, Financial) topped analysts' expectations with a robust first-quarter GAAP EPS of $14.12.
- The company's 6% revenue growth was driven by its Global Banking & Markets and Asset & Wealth Management sectors.
- Assets under supervision reached an unprecedented $3.17 trillion.
Goldman Sachs (GS) has reported an impressive first-quarter GAAP earnings per share (EPS) of $14.12, surpassing analyst estimates by $1.85. This achievement highlights the firm’s strong financial performance, as it recorded a 6% year-over-year increase in revenue, amounting to $15.06 billion. Key contributors to this growth were the Global Banking & Markets and Asset & Wealth Management divisions. Notably, the company's assets under supervision soared to a record $3.17 trillion.
Wall Street Analysts Forecast
Looking ahead, Wall Street's perspective remains optimistic. According to the latest data from 17 analysts, the average one-year price target for The Goldman Sachs Group Inc (GS, Financial) stands at $612.00. This represents an estimated high of $760.00 and a low of $538.00. With the current stock price at $494.44, this average target suggests a potential upside of 23.78%. Investors can explore more detailed estimate data on the The Goldman Sachs Group Inc (GS) Forecast page.
As per consensus recommendations from 23 brokerage firms, Goldman Sachs holds an average rating of 2.4, indicating an "Outperform" status. This rating is derived from a scale where 1 signifies a Strong Buy and 5 denotes a Sell.
However, considering GuruFocus estimates, the projected GF Value for The Goldman Sachs Group Inc (GS, Financial) in the upcoming year is estimated at $450.92, implying a potential downside of 8.8% from the current share price of $494.44. The GF Value metric constitutes GuruFocus' assessment of the stock's fair trading value, calculated based on historical multiples, past business growth, and future business performance forecasts. For more comprehensive insights, visit the The Goldman Sachs Group Inc (GS) Summary page.
