Mike Mayo, a Wells Fargo analyst, set a price objective of $680.00 yesterday and kept his buy rating on Goldman Sachs Group (GS – Research Report) unchanged. Yesterday, the closing price of the company’s shares was $601.71.
Use the Smart Investor Newsletter’s weekly expert stock selections to make more informed investments. Mayo reports on the financial industry, concentrating on firms like Citigroup, Bank of America, and JPMorgan Chase & Co. Mayo has a 70.67% success rate on suggested stocks with an average return of 17.6%, per TipRanks.
Goldman Sachs Group is currently rated as a Strong Buy by analysts, with an average price target of $590.00, or a -1.95% decline. Oppenheimer also kept its buy rating on the company with a $677.00 price objective in a research published on November 20.
According to Goldman Sachs Group’s most recent financial report, the company made $12.7 billion in sales and $2.99 billion in net profit for the quarter that ended on September 30. In contrast, the business made $11.82 billion in revenue and $2.06 billion in net profit the previous year.
According to the report of 33 insiders’ recent activities, corporate insider opinion is negative toward the stock. This indicates that, compared to earlier this year, insiders have been selling more GS shares during the last quarter. The EVP of GS, John F.W. Rogers, sold 4,975.00 shares last month for $2,996,973.65.
Over 100,000 business insiders are tracked by TipRanks, which identifies the elite few who are adept at timing their transactions. You may access this unique data and find important insights to help you make financial decisions by upgrading to TipRanks Premium. Start using TipRanks Premium right now.
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