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The Goldman Sachs Group (GS) Stock Forecast & Price Target

$487.00
+0.30 (+0.06%)
(As of 09:11 AM ET)

The Goldman Sachs Group - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 19 Wall Street analysts who have issued ratings for The Goldman Sachs Group in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 19 analysts, 5 have given a hold rating, and 14 have given a buy rating for GS.

Consensus Price Target

$484.59
-0.50% Downside
High Forecast$565.00
Average Forecast$484.59
Low Forecast$351.00

According to the 19 analysts' twelve-month price targets for The Goldman Sachs Group, the average price target is $484.59. The highest price target for GS is $565.00, while the lowest price target for GS is $351.00. The average price target represents a forecasted downside of -0.50% from the current price of $487.00.

TypeCurrent Forecast
7/26/23 to 7/25/24
1 Month Ago
6/26/23 to 6/25/24
3 Months Ago
4/27/23 to 4/26/24
1 Year Ago
7/26/22 to 7/26/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
14 Buy rating(s)
16 Buy rating(s)
15 Buy rating(s)
11 Buy rating(s)
Hold
5 Hold rating(s)
5 Hold rating(s)
5 Hold rating(s)
6 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$484.59$440.57$434.93$393.34
Forecasted Upside-0.50% Downside12.26% Upside12.13% Upside16.55% Upside
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GS Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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GS Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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The Goldman Sachs Group Stock vs. The Competition

TypeThe Goldman Sachs GroupFinance CompaniesS&P 500
Consensus Rating Score
2.74
2.45
2.51
Consensus RatingModerate BuyHoldModerate Buy
Predicted Upside-0.43% Downside38.12% Upside10.68% Upside
News Sentiment RatingNeutral News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/17/2024BMO Capital Markets
3 of 5 stars
 Boost TargetMarket Perform ➝ Market Perform$360.00 ➝ $373.00-26.29%
7/16/2024Wells Fargo & Company
3 of 5 stars
 Boost TargetOverweight ➝ Overweight$504.00 ➝ $550.00+8.93%
7/16/2024Citigroup
3 of 5 stars
 Boost TargetNeutral ➝ Neutral$460.00 ➝ $485.00-3.56%
7/16/2024Evercore ISI
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 Boost TargetOutperform ➝ Outperform$475.00 ➝ $520.00+3.57%
7/16/2024Barclays
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 Boost TargetOverweight ➝ Overweight$493.00 ➝ $565.00+12.54%
7/16/2024JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$461.00 ➝ $464.00-8.29%
7/16/2024Oppenheimer
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 Boost TargetOutperform ➝ Outperform$504.00 ➝ $559.00+13.56%
7/16/2024Royal Bank of Canada
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 Boost TargetSector Perform ➝ Sector Perform$435.00 ➝ $500.00+1.58%
7/16/2024Morgan Stanley
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 Boost TargetOverweight ➝ Overweight$475.00 ➝ $513.00+4.22%
7/9/2024UBS Group
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 Boost TargetBuy ➝ Buy$490.00 ➝ $535.00+12.75%
7/2/2024Seaport Res Ptn
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J. Mitchell
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DowngradeStrong-Buy ➝ Hold
6/27/2024Keefe, Bruyette & Woods
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 Boost TargetOutperform ➝ Outperform$485.00 ➝ $520.00+14.00%
4/16/2024HSBC
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 Boost TargetBuy ➝ Buy$460.00 ➝ $470.00+17.70%
4/16/2024Bank of America
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 Boost TargetBuy ➝ Buy$450.00 ➝ $478.00+19.28%
4/16/2024Argus
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 UpgradeHold ➝ Buy$465.00+16.03%
4/9/2024JMP Securities
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 Boost TargetMarket Outperform ➝ Market Outperform$440.00 ➝ $460.00+11.96%
3/14/2024Daiwa Capital Markets
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 UpgradeNeutral ➝ Outperform$410.00 ➝ $430.00+9.60%
2/27/2024Edward Jones
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 Initiated CoverageBuy
8/1/2023Atlantic Securities
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 UpgradeUnderweight ➝ Neutral$330.00 ➝ $351.00-1.37%
7/20/2023Credit Suisse Group
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 Reiterated RatingOutperform ➝ Outperform$410.00+20.39%
7/13/2023Odeon Capital Group
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 UpgradeHold ➝ Buy$355.75+8.99%
7/10/2023Societe Generale
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 DowngradeBuy ➝ Hold
1/6/2023Deutsche Bank Aktiengesellschaft
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 Lower Target$370.00 ➝ $345.00+0.36%
1/4/2023Wolfe Research
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 DowngradeOutperform ➝ Peer Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 09:44 AM ET.

GS Forecast - Frequently Asked Questions

What is The Goldman Sachs Group's forecast for 2024?

According to the research reports of 19 Wall Street equities research analysts, the average twelve-month stock price forecast for The Goldman Sachs Group is $484.59, with a high forecast of $565.00 and a low forecast of $351.00.

Should I buy or sell The Goldman Sachs Group stock right now?

19 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for The Goldman Sachs Group in the last twelve months. There are currently 5 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" GS shares.

Does The Goldman Sachs Group's stock price have much upside?

According to analysts, The Goldman Sachs Group's stock has a predicted upside of 5.74% based on their 12-month stock forecasts.

Has The Goldman Sachs Group been downgraded by Wall Street analysts recently?

Over the previous 90 days, The Goldman Sachs Group's stock had 1 downgrade by analysts.

What analysts cover The Goldman Sachs Group?
Does The Goldman Sachs Group rate other companies?

The Goldman Sachs Group also publishes sell-side equities research reports and recommendations about other companies, which can be viewed at its brokerage rating page.

Do Wall Street analysts like The Goldman Sachs Group more than its competitors?

Analysts like The Goldman Sachs Group more than other "finance" companies. The consensus rating for The Goldman Sachs Group is Moderate Buy while the average consensus rating for "finance" companies is Hold. Learn more on how GS compares to other companies.


This page (NYSE:GS) was last updated on 7/25/2024 by MarketBeat.com Staff

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