Key Takeaways:
- Goldman Sachs (GS, Financial) surpasses Q1 earnings predictions with a notable GAAP EPS of $14.12.
- Wall Street analysts foresee substantial upside potential with target prices ranging between $538.00 and $760.00.
- GuruFocus estimates indicate a possible downside in the coming year due to GF Value calculations.
Goldman Sachs (GS) made headlines by surpassing first-quarter earnings expectations, posting an impressive GAAP EPS of $14.12, overshadowing the anticipated $12.27. The company's revenue achieved an extraordinary $15.06 billion, primarily fueled by robust growth in fixed income, currency, and commodities revenue. However, an increase in operating expenses to $9.13 billion was observed, while both credit losses and net interest income lagged behind projections.
Wall Street Analysts Forecast
Delving into Wall Street's perspective, 17 analysts have provided one-year price targets for The Goldman Sachs Group Inc (GS, Financial), with an average target price of $612.00. These projections range from a low of $538.00 to a high of $760.00, suggesting an enticing upside potential of 23.78% from the current price point of $494.44. For more comprehensive target estimates, visit the The Goldman Sachs Group Inc (GS) Forecast page.
Furthermore, based on insights from 23 brokerage firms, Goldman Sachs receives an average brokerage recommendation of 2.4, categorizing it as an "Outperform." This rating aligns with a scale where 1 indicates a Strong Buy, and 5 signifies a Sell.
GuruFocus Valuation Insights
According to GuruFocus estimates, the GF Value for The Goldman Sachs Group Inc (GS, Financial) over the next year is projected to be $450.92. This calculates to a potential downside of 8.8% from the current stock price of $494.44. The GF Value represents GuruFocus' estimate of the stock's fair trading value, determined through historical trading multiples, past and projected business growth, and performance forecasts. For additional insights, access the complete data on the The Goldman Sachs Group Inc (GS) Summary page.
