Goldman Sachs Surpasses Analyst Target Price, What’s Next?
In recent trading, shares of Goldman Sachs Group Inc (Symbol: GS) have climbed above the average 12-month target price set by analysts, now trading at $603.81 per share against a target of $601.70. When a stock reaches an analyst’s target, the analyst has two main options: either downgrade the stock based on valuation or raise the target price. Analyst responses can also hinge on the fundamental developments that might be driving the stock’s ascent; if company outlooks improve, it may signal a need for an updated higher target price.
Analyst Targets Overview
The consensus comes from 20 analysts within the Zacks coverage universe, yet this average reflects a multitude of opinions. While some analysts maintain lower targets, one projects a price of $539.00, another believes the price could soar to as high as $720.00. The standard deviation among these targets is $49.964, highlighting the range of expectations that investors face.
Crowd Wisdom in Analyst Ratings
The average GS price target allows investors to tap into the “wisdom of crowds,” synthesizing the insights of multiple analysts rather than relying on any single expert. With Goldman Sachs surpassing the $601.70 target, investors are prompted to evaluate whether this milestone is merely a temporary stop on the way to even higher targets or if the valuation has stretched to a point where it may be wise to reconsider their positions. Below is a current breakdown of analyst ratings for Goldman Sachs Group Inc:
| Recent GS Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 10 | 10 | 13 | 13 |
| Buy ratings: | 0 | 0 | 0 | 1 |
| Hold ratings: | 13 | 13 | 10 | 9 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 2.13 | 2.13 | 1.87 | 1.83 |
The average rating ranges from 1 (Strong Buy) to 5 (Strong Sell). This data was sourced from Zacks Investment Research via Quandl.com.
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Additional Insights:
Institutional Holders of TZO
ARNA Market Cap History
SGHT YTD Return
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
