- Goldman Sachs (GS, Financial) posts impressive second-quarter earnings, beating projections with robust financial performance.
- Analysts provide a mixed outlook with varied price targets for the stock.
- GuruFocus estimates suggest significant downside potential for GS based on GF Value metrics.
Goldman Sachs (GS) has reported outstanding results for the second quarter, showcasing a remarkable financial and operational performance. The firm's GAAP earnings per share soared to $10.91, outpacing analyst expectations by $1.28. This impressive feat was complemented by the company's revenue, which hit $14.58 billion—surpassing forecasts by a striking $1 billion.
Wall Street Analysts Forecast
In examining the one-year price targets provided by 17 analysts, The Goldman Sachs Group Inc (GS, Financial) appears to have a diverse outlook. The average target price is set at $680.02, with a high estimate reaching $801.00 and a low of $500.00. This average target suggests a downside of 3.20% from the current trading price of $702.51. For further granularity, detailed estimate data is accessible on the The Goldman Sachs Group Inc (GS) Forecast page.
Furthermore, with feedback from 23 brokerage firms, the consensus recommendation for The Goldman Sachs Group Inc (GS, Financial) stands at an average brokerage recommendation of 2.5, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 denotes a Strong Buy and 5 signifies a Sell.
Turning to GuruFocus estimates, the estimated GF Value for The Goldman Sachs Group Inc (GS, Financial) in the next year is positioned at $479.39. This suggests a potential downside of 31.76% from the present price of $702.51. The GF Value represents GuruFocus' assessment of the stock's fair trading value. This calculation is rooted in historical trading multiples, past business growth, and future business performance projections. More comprehensive data is available on the The Goldman Sachs Group Inc (GS) Summary page.
