Goldman Sachs Group (GS) Stock Forecast, Price Target & Predictions


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GS Stock Forecast


Goldman Sachs Group stock forecast is as follows: an average price target of $459.33 (represents a -5.37% downside from GS’s last price of $485.39) and a rating consensus of 'Buy', based on 25 wall street analysts offering a 1-year stock forecast.

GS Price Target


The average price target for Goldman Sachs Group (GS) is $459.33 based on 1-year price targets from 25 Wall Street analysts in the past 3 months, with a price target range of $565.00 to $350.65. This represents a potential -5.37% downside from GS's last price of $485.39.

GS Analyst Ratings


Buy

According to 25 Wall Street analysts, Goldman Sachs Group's rating consensus is 'Buy'. The analyst rating breakdown for GS stock is 0 'Strong Buy' (0.00%), 17 'Buy' (68.00%), 7 'Hold' (28.00%), 1 'Sell' (4.00%), and 0 'Strong Sell' (0.00%).

Goldman Sachs Group Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 10, 2024Kenneth LeonGoldman Sachs$553.00$467.1318.38%13.93%
Sep 09, 2024Kian AbouhosseinGoldman Sachs$472.00$479.61-1.59%-2.76%
Jul 30, 2024Betsy GraseckMorgan Stanley$561.00$492.7213.86%15.58%
Jul 17, 2024James FotheringhamGoldman Sachs$373.00$504.52-26.07%-23.15%
Jul 16, 2024Jason GoldbergBarclays$565.00$503.0212.32%16.40%
Jul 16, 2024Keith HorowitzCitigroup$485.00$503.02-3.58%-0.08%
Jul 16, 2024Kian AbouhosseinJ.P. Morgan$464.00$503.02-7.76%-4.41%
Jul 16, 2024Keith HorowitzGoldman Sachs$485.00$492.23-1.47%-0.08%
Jul 16, 2024Kian AbouhosseinGoldman Sachs$464.00$492.23-5.74%-4.41%
Jul 12, 2024Chris KotowskiOppenheimer$517.00$481.187.44%6.51%
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The latest Goldman Sachs Group stock forecast, released on Sep 10, 2024 by Kenneth Leon from Goldman Sachs, set a price target of $553.00, which represents a 18.38% increase from the stock price at the time of the forecast ($467.13), and a 13.93% increase from GS last price ($485.39).

Goldman Sachs Group Price Target by Period


1M3M12M
# Anlaysts21438
Avg Price Target$512.50$485.93$450.76
Last Closing Price$485.39$485.39$485.39
Upside/Downside5.59%0.11%-7.13%

In the current month, the average price target of Goldman Sachs Group stock is $512.50, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 5.59% increase as opposed to Goldman Sachs Group's last price of $485.39. This month's average price target is up 5.47% compared to last quarter, and up 13.70% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Aug 29, 2024Morgan StanleyOverweightOverweightHold
Aug 20, 2024DaiwaOutperformOutperformHold
Jul 30, 2024Wells FargoSector PerformSector PerformHold
Jul 16, 2024Goldman SachsOverweightOverweightHold
Jul 16, 2024RBC CapitalSector PerformSector PerformHold
Jul 16, 2024Morgan StanleyOverweightOverweightHold
Jul 16, 2024BarclaysOverweightOverweightHold
Jul 15, 2024Goldman SachsUnderperformOverweightUpgrade
Jul 12, 2024Keefe, Bruyette & WoodsOutperformOutperformHold
Jul 12, 2024BMO CapitalMarket PerformMarket PerformHold
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Goldman Sachs Group's last stock rating was published by Morgan Stanley on Aug 29, 2024. The company gave GS a "Overweight" rating, the same as its previous rate.

Goldman Sachs Group Financial Forecast


Goldman Sachs Group Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue------------$10.74B$11.82B$10.89B$12.22B$10.59B$11.97B-$12.93B$12.64B$13.61B$15.39B$17.70B$10.65B$9.87B$12.35B$7.77B$9.14B$7.47B
Avg Forecast$13.99B$14.19B$14.32B$15.25B$13.02B$13.24B$13.37B$14.40B$12.15B$12.52B$12.35B$12.94B$10.80B$11.15B$10.66B$12.76B$10.76B$11.42B$10.81B$11.86B$12.04B$11.72B$12.31B$12.56B$9.99B$9.47B$9.76B$8.25B$8.55B$8.31B
High Forecast$14.55B$14.77B$14.89B$15.86B$13.55B$13.78B$13.90B$14.98B$12.64B$13.40B$12.85B$13.46B$11.10B$11.60B$11.09B$13.28B$11.19B$11.88B$10.81B$12.33B$12.52B$12.18B$12.80B$13.06B$10.39B$9.85B$10.14B$8.58B$8.89B$8.64B
Low Forecast$13.28B$13.47B$13.59B$14.47B$12.36B$12.57B$12.68B$13.66B$11.53B$11.95B$11.72B$12.28B$10.19B$10.58B$10.11B$12.11B$10.21B$10.84B$10.81B$11.28B$11.45B$11.14B$11.71B$11.94B$9.50B$9.01B$9.28B$7.84B$8.13B$7.90B
# Analysts64464374497910999884455585510744
Surprise %------------0.99%1.06%1.02%0.96%0.98%1.05%-1.09%1.05%1.16%1.25%1.41%1.07%1.04%1.27%0.94%1.07%0.90%

Goldman Sachs Group's average Quarter revenue forecast for Mar 24 based on 9 analysts is $12.94B, with a low forecast of $12.28B, and a high forecast of $13.46B. GS's average Quarter revenue forecast represents a 20.47% increase compared to the company's last Quarter revenue of $10.74B (Dec 23).

Goldman Sachs Group EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts64464374497910999884455585510744
EBITDA------------$-150.00M$3.40B$2.34B$17.77B$12.59B$10.24B-$6.53B$6.73B$8.90B$8.67B$10.41B$7.60B$6.62B$3.88B$5.22B$6.64B$7.34B
Avg Forecast$6.54B$6.64B$6.70B$7.13B$6.09B$6.20B$6.25B$6.74B$5.69B$5.86B$5.78B$6.24B$5.05B$5.22B$4.99B$5.67B$5.03B$5.10B$4.24B$5.16B$7.27B$4.64B$4.60B$5.43B$3.20B$6.65B$6.86B$5.60B$7.59B$7.39B
High Forecast$6.81B$6.91B$6.97B$7.42B$6.34B$6.45B$6.50B$7.01B$5.91B$6.27B$6.01B$7.49B$5.19B$5.43B$5.19B$6.81B$5.23B$6.12B$4.24B$6.19B$8.73B$5.56B$5.53B$6.52B$3.84B$7.98B$8.23B$6.72B$9.11B$8.86B
Low Forecast$6.21B$6.30B$6.36B$6.77B$5.78B$5.88B$5.93B$6.39B$5.40B$5.59B$5.48B$4.99B$4.77B$4.95B$4.73B$4.54B$4.77B$4.08B$4.24B$4.13B$5.82B$3.71B$3.68B$4.35B$2.56B$5.32B$5.49B$4.48B$6.07B$5.91B
Surprise %-------------0.03%0.65%0.47%3.13%2.50%2.01%-1.27%0.93%1.92%1.88%1.91%2.37%0.99%0.57%0.93%0.88%0.99%

10 analysts predict GS's average Quarter EBITDA for Dec 23 to be $5.05B, with a high of $5.19B and a low of $4.77B. This is 48.38% upper than Goldman Sachs Group's previous annual EBITDA (Sep 23) of $3.40B.

Goldman Sachs Group Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts64464374497910999884455585510744
Net Income------------$1.87B$2.06B$1.22B$3.23B$1.33B$3.07B-$3.94B$3.94B$5.38B$5.49B$6.84B$4.51B$3.37B$373.00M$1.21B$1.92B$1.88B
Avg Forecast$3.60B$3.85B$3.93B$4.41B$3.37B$3.48B$3.48B$3.92B$2.80B$2.88B$2.79B$3.76B$1.21B$1.82B$1.06B$3.42B$1.87B$3.08B$2.24B$3.11B$4.25B$2.80B$2.91B$3.44B$1.90B$3.27B$624.46M$1.30B$2.19B$1.89B
High Forecast$3.79B$4.05B$4.14B$4.64B$3.55B$3.66B$3.66B$4.13B$2.94B$3.32B$2.94B$4.52B$1.55B$1.91B$1.11B$4.11B$1.96B$3.70B$2.24B$3.73B$5.10B$3.36B$3.50B$4.13B$2.28B$3.93B$749.35M$1.56B$2.63B$2.27B
Low Forecast$3.37B$3.59B$3.67B$4.11B$3.15B$3.25B$3.24B$3.66B$2.61B$2.54B$2.60B$3.01B$384.69M$1.70B$987.72M$2.74B$1.74B$2.46B$2.24B$2.49B$3.40B$2.24B$2.33B$2.76B$1.52B$2.62B$499.56M$1.04B$1.75B$1.51B
Surprise %------------1.54%1.13%1.15%0.95%0.71%1.00%-1.27%0.93%1.92%1.88%1.98%2.37%1.03%0.60%0.93%0.88%0.99%

Goldman Sachs Group's average Quarter net income forecast for Mar 24 is $3.76B, with a range of $3.01B to $4.52B. GS's average Quarter net income forecast represents a 101.59% increase compared to the company's last Quarter net income of $1.87B (Dec 23).

Goldman Sachs Group SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts64464374497910999884455585510744
SG&A------------$4.52B$4.32B$3.77B$4.26B$3.98B$3.81B-$4.25B$3.44B$3.33B$5.38B$6.12B$2.57B$3.19B$4.57B$3.39B$3.25B$2.90B
Avg Forecast$4.83B$4.90B$4.94B$5.26B$4.50B$4.57B$4.61B$4.97B$4.20B$4.32B$4.26B$4.06B$3.73B$3.85B$3.68B$3.69B$3.71B$1.91B$3.73B$3.35B$3.72B$1.74B$2.86B$3.09B$1.08B$3.10B$7.65B$3.63B$3.71B$2.92B
High Forecast$5.02B$5.10B$5.14B$5.48B$4.68B$4.76B$4.80B$5.17B$4.36B$4.63B$4.43B$4.87B$3.83B$4.00B$3.83B$4.42B$3.86B$2.29B$3.73B$4.02B$4.46B$2.08B$3.43B$3.70B$1.30B$3.72B$9.17B$4.36B$4.45B$3.50B
Low Forecast$4.58B$4.65B$4.69B$5.00B$4.27B$4.34B$4.38B$4.72B$3.98B$4.13B$4.05B$3.24B$3.52B$3.65B$3.49B$2.95B$3.52B$1.53B$3.73B$2.68B$2.97B$1.39B$2.29B$2.47B$865.21M$2.48B$6.12B$2.90B$2.97B$2.33B
Surprise %------------1.21%1.12%1.02%1.16%1.07%1.99%-1.27%0.93%1.92%1.88%1.98%2.37%1.03%0.60%0.93%0.88%0.99%

Goldman Sachs Group's average Quarter SG&A projection for Mar 24 is $4.06B, based on 9 Wall Street analysts, with a range of $3.24B to $4.87B. The forecast indicates a -10.19% fall compared to GS last annual SG&A of $4.52B (Dec 23).

Goldman Sachs Group EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts64464374497910999884455585510744
EPS------------$5.48$5.52$3.09$8.87$3.35$8.35-$10.87$11.35$15.14$15.22$18.80$12.23$9.77$6.29$3.12$4.74$4.83
Avg Forecast$10.74$11.47$11.72$13.13$10.06$10.36$10.36$11.69$8.34$8.58$8.31$8.71$3.62$5.42$3.15$8.14$5.56$7.73$6.61$8.90$11.77$10.14$10.26$10.22$7.45$5.54$3.90$3.11$5.39$4.81
High Forecast$11.31$12.07$12.33$13.82$10.59$10.90$10.90$12.30$8.77$9.89$8.75$9.17$4.61$5.71$3.32$8.57$5.86$8.14$6.61$9.36$12.38$10.66$10.79$10.75$7.84$5.83$4.10$3.27$5.67$5.06
Low Forecast$10.03$10.71$10.94$12.26$9.39$9.67$9.67$10.91$7.78$7.58$7.76$8.14$1.15$5.06$2.94$7.60$5.19$7.22$6.61$8.33$11.02$9.49$9.60$9.57$6.97$5.19$3.65$2.91$5.05$4.51
Surprise %------------1.52%1.02%0.98%1.09%0.60%1.08%-1.22%0.96%1.49%1.48%1.84%1.64%1.76%1.61%1.00%0.88%1.00%

According to 9 Wall Street analysts, Goldman Sachs Group's projected average Quarter EPS for Mar 24 is $8.71, with a low estimate of $8.14 and a high estimate of $9.17. This represents a 59.02% increase compared to GS previous annual EPS of $5.48 (Dec 23).

Goldman Sachs Group Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
CCitigroup$59.29$69.9217.93%Buy
WFCWells Fargo & Company$54.51$58.898.04%Buy
MSMorgan Stanley$99.84$102.602.76%Hold
JPMJPMorgan Chase$209.25$199.22-4.79%Buy
GSGoldman Sachs Group$485.39$459.33-5.37%Buy
AXPAmerican Express Company$265.40$204.41-22.98%Hold

GS Forecast FAQ


Yes, according to 25 Wall Street analysts, Goldman Sachs Group (GS) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 17 'Buy' recommendations, accounting for 68.00% of GS's total ratings.

Goldman Sachs Group (GS) average price target is $459.33 with a range of $350.65 to $565, implying a -5.37% from its last price of $485.39. The data is based on 25 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for GS stock, the company can go down by -5.37% (from the last price of $485.39 to the average price target of $459.33), up by 16.40% based on the highest stock price target, and down by -27.76% based on the lowest stock price target.

GS's average twelve months analyst stock price target of $459.33 does not support the claim that Goldman Sachs Group can reach $700 in the near future.

2 Wall Street analysts forecast a $512.5 price target for Goldman Sachs Group (GS) this month, up 5.59% from its last price of $485.39. Compared to the last 3 and 12 months, the average price target increased by 0.11% and decreased by -7.13%, respectively.

Goldman Sachs Group's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $54.03B (high $56.21B, low $51.28B), average EBITDA is $25.28B (high $26.3B, low $23.99B), average net income is $14.25B (high $14.99B, low $13.3B), average SG&A $18.65B (high $19.4B, low $17.7B), and average EPS is $42.46 (high $44.69, low $39.65). GS's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $57.75B (high $60.08B, low $54.8B), average EBITDA is $27.01B (high $28.1B, low $25.64B), average net income is $15.79B (high $16.62B, low $14.74B), average SG&A $19.93B (high $20.74B, low $18.92B), and average EPS is $47.06 (high $49.53, low $43.94).

Based on Goldman Sachs Group's last annual report (Dec 2023), the company's revenue was $108.42B, beating the average analysts forecast of $45.37B by 138.97%. Apple's EBITDA was $-1.734B, missing the average prediction of $20.93B by -108.29%. The company's net income was $8.52B, beating the average estimation of $7.51B by 13.36%. Apple's SG&A was $18.8B, beating the average forecast of $14.94B by 25.84%. Lastly, the company's EPS was $24.63, beating the average prediction of $20.33 by 21.14%. In terms of the last quarterly report (Dec 2023), Goldman Sachs Group's revenue was $10.74B, missing the average analysts' forecast of $10.8B by -0.52%. The company's EBITDA was $-150M, missing the average prediction of $5.05B by -102.97%. Goldman Sachs Group's net income was $1.87B, beating the average estimation of $1.21B by 53.85%. The company's SG&A was $4.52B, beating the average forecast of $3.73B by 21.16%. Lastly, the company's EPS was $5.48, beating the average prediction of $3.62 by 51.50%