Goldman Sachs Group (GS) Received its Third Buy in a Row
After Citigroup and Oppenheimer gave Goldman Sachs Group (NYSE: GS) a Buy rating last month, the company received another Buy, this time from Credit Suisse. Analyst Susan Roth Katzke maintained a Buy rating on Goldman Sachs Group today and set a price target of $255.00. The company’s shares closed last Thursday at $204.76.
According to TipRanks.com, Katzke is a 5-star analyst with an average return of 13.5% and a 69.6% success rate. Katzke covers the Financial sector, focusing on stocks such as JPMorgan Chase & Co., First Republic Bank, and Regions Financial.
Goldman Sachs Group has an analyst consensus of Moderate Buy, with a price target consensus of $242.82, representing a 18.4% upside. In a report issued on July 28, Oppenheimer also maintained a Buy rating on the stock with a $323.00 price target.
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The company has a one-year high of $250.46 and a one-year low of $130.85. Currently, Goldman Sachs Group has an average volume of 3.51M.
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Goldman Sachs Group, Inc. engages in global investment banking, securities, and investment management, which provides financial services. It operates through the following business segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The Investment Banking segment serves public and private sector clients around the world and provides financial advisory services, help companies raise capital to strengthen and grow their businesses and provide financing to corporate clients. The Global Markets segment serves its clients who buy and sell financial products, funding and manage risk. The Asset Management segment provides investment services to help clients preserve and grow their financial assets. The Consumer & Wealth Management segment helps clients to achieve their individual financial goals by providing a wealth advisory and banking services. The company was founded by Marcus Goldman in 1869 and is headquartered in New York, NY.