Goldman Sachs Group (GS) Gets a Buy from Morgan Stanley

Goldman Sachs Group (GS) Company Description:

Founded in 1869, Goldman Sachs Group, Inc. is a leading global investment banking, securities, and investment management firm. The company provides a range of financial services to clients including corporations, financial institutions, governments and individuals. The company operates through four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management.

Analyst’s ratings

Morgan Stanley analyst Betsy Graseck maintained a Buy rating on Goldman Sachs Group (GS – Research Report) today and set a price target of $553.00. The company’s shares closed last Friday at $478.99.

Graseck covers the Financial sector, focusing on stocks such as Goldman Sachs Group, Bank of New York Mellon Corporation, and Citigroup. According to TipRanks, Graseck has an average return of 3.1% and a 46.77% success rate on recommended stocks.

Goldman Sachs Group has an analyst consensus of Strong Buy, with a price target consensus of $531.13, implying a 10.89% upside from current levels. In a report released on September 10, KBW also maintained a Buy rating on the stock with a $530.00 price target.

The company has a one-year high of $517.26 and a one-year low of $289.36. Currently, Goldman Sachs Group has an average volume of 2.21M.

Is GS a Buy Right Now?

Analysts remain bullish about GS stock, with a Strong Buy consensus rating based on 13 Buys and four Holds. Over the past year, GS has surged by more than 40%, and the average GS price target of $531.69 implies an upside potential of 12.8% from current levels.

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