Goldman Sachs Group (GS) Stock Forecast, Price Target & Predictions
GS Stock Forecast
Goldman Sachs Group stock forecast is as follows: an average price target of $477.63 (represents a -17.85% downside from GS’s last price of $581.38) and a rating consensus of 'Buy', based on 24 wall street analysts offering a 1-year stock forecast.
GS Price Target
The average price target for Goldman Sachs Group (GS) is $477.63 based on 1-year price targets from 24 Wall Street analysts in the past 3 months, with a price target range of $614.00 to $350.65. This represents a potential -17.85% downside from GS's last price of $581.38.
GS Analyst Ratings
According to 24 Wall Street analysts, Goldman Sachs Group's rating consensus is 'Buy'. The analyst rating breakdown for GS stock is 1 'Strong Buy' (4.17%), 16 'Buy' (66.67%), 6 'Hold' (25.00%), 1 'Sell' (4.17%), and 0 'Strong Sell' (0.00%).
Goldman Sachs Group Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 16, 2024 | Chris Kotowski | Oppenheimer | $614.00 | $522.38 | 17.54% | 5.61% |
| Oct 16, 2024 | Daniel Fannon | Jefferies | $609.00 | $522.38 | 16.58% | 4.75% |
| Oct 16, 2024 | Glenn Schorr | Goldman Sachs | $575.00 | $522.38 | 10.07% | -1.10% |
| Oct 16, 2024 | Jason Goldberg | Goldman Sachs | $588.00 | $522.38 | 12.56% | 1.14% |
| Oct 15, 2024 | Kenneth Leon | Goldman Sachs | $585.00 | $523.43 | 11.76% | 0.62% |
| Oct 09, 2024 | Devin Ryan | JMP Securities | $550.00 | $496.57 | 10.76% | -5.40% |
| Sep 30, 2024 | Betsy Graseck | Morgan Stanley | $560.00 | $498.51 | 12.33% | -3.68% |
| Sep 10, 2024 | Kenneth Leon | Goldman Sachs | $553.00 | $467.13 | 18.38% | -4.88% |
| Sep 09, 2024 | Kian Abouhossein | Goldman Sachs | $472.00 | $479.61 | -1.59% | -18.81% |
| Jul 30, 2024 | Betsy Graseck | Morgan Stanley | $561.00 | $492.72 | 13.86% | -3.51% |
The latest Goldman Sachs Group stock forecast, released on Oct 16, 2024 by Chris Kotowski from Oppenheimer, set a price target of $614.00, which represents a 17.54% increase from the stock price at the time of the forecast ($522.38), and a 5.61% increase from GS last price ($581.38).
Goldman Sachs Group Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 9 | 42 |
| Avg Price Target | - | $567.33 | $476.67 |
| Last Closing Price | $581.38 | $581.38 | $581.38 |
| Upside/Downside | -100.00% | -2.42% | -18.01% |
In the current month, the average price target of Goldman Sachs Group stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Goldman Sachs Group's last price of $581.38. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 16, 2024 | RBC Capital | Sector Perform | Sector Perform | Hold |
| Oct 16, 2024 | Oppenheimer | Outperform | Outperform | Hold |
| Oct 16, 2024 | Jefferies | Buy | Buy | Hold |
| Oct 16, 2024 | Evercore ISI | Outperform | Outperform | Hold |
| Oct 16, 2024 | Barclays | Overweight | Overweight | Hold |
| Oct 15, 2024 | Wells Fargo | Overweight | Overweight | Hold |
| Oct 15, 2024 | CFRA | Strong Buy | Strong Buy | Hold |
| Oct 09, 2024 | JMP Securities | Outperform | Outperform | Hold |
| Oct 02, 2024 | Wells Fargo | Sector Perform | Sector Perform | Hold |
| Oct 02, 2024 | Goldman Sachs | Underperform | Underperform | Hold |
Goldman Sachs Group's last stock rating was published by RBC Capital on Oct 16, 2024. The company gave GS a "Sector Perform" rating, the same as its previous rate.
Goldman Sachs Group Financial Forecast
Goldman Sachs Group Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $10.74B | $11.82B | $10.89B | $12.22B | $10.59B | $11.97B | $11.86B | $12.93B | $12.64B | $13.61B | $15.39B | $17.70B | $10.65B | $9.87B | $12.35B | $7.77B | $9.14B | $7.47B |
| Avg Forecast | $13.52B | $13.82B | $13.90B | $15.19B | $13.08B | $13.48B | $13.53B | $14.52B | $12.03B | $11.77B | $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 | $14.08B | $14.39B | $14.48B | $15.82B | $13.62B | $14.04B | $14.09B | $15.08B | $12.31B | $12.16B | $12.35B | $12.94B | $11.10B | $11.61B | $11.10B | $13.29B | $11.20B | $11.92B | $11.28B | $12.38B | $12.57B | $12.23B | $12.85B | $13.11B | $10.43B | $9.88B | $10.18B | $8.61B | $8.93B | $8.67B |
| Low Forecast | $12.91B | $13.20B | $13.28B | $14.52B | $12.49B | $12.88B | $12.93B | $13.78B | $11.64B | $11.38B | $12.35B | $12.94B | $10.19B | $10.65B | $10.18B | $12.19B | $10.28B | $10.96B | $10.37B | $11.38B | $11.56B | $11.24B | $11.81B | $12.05B | $9.59B | $9.09B | $9.36B | $7.91B | $8.21B | $7.97B |
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 8 | 4 | 9 | 9 | 10 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 6 | 3 | 3 | 3 | 2 | 2 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 1.06% | 1.02% | 0.96% | 0.98% | 1.05% | 1.10% | 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 $12.94B, and a high forecast of $12.94B. 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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 8 | 4 | 9 | 9 | 10 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 6 | 3 | 3 | 3 | 2 | 2 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $-150.00M | $3.40B | $2.34B | $17.77B | $12.59B | $10.24B | $7.23B | $6.53B | $6.73B | $8.90B | $8.67B | $10.41B | $7.60B | $6.62B | $3.88B | $5.22B | $6.64B | $7.34B |
| Avg Forecast | $3.28B | $3.36B | $3.38B | $3.69B | $3.18B | $3.27B | $3.29B | $3.53B | $2.92B | $2.86B | $3.00B | $6.24B | $2.62B | $2.71B | $2.59B | $5.67B | $8.00B | $5.34B | $5.05B | $5.16B | $5.63B | $5.48B | $5.76B | $5.43B | $4.67B | $4.43B | $4.56B | $5.60B | $4.00B | $3.89B |
| High Forecast | $3.42B | $3.50B | $3.52B | $3.84B | $3.31B | $3.41B | $3.42B | $3.66B | $2.99B | $2.95B | $3.00B | $7.49B | $2.70B | $2.82B | $2.70B | $6.81B | $9.60B | $5.58B | $5.28B | $6.19B | $5.88B | $5.72B | $6.01B | $6.52B | $4.88B | $4.62B | $4.76B | $6.72B | $4.18B | $4.06B |
| Low Forecast | $3.14B | $3.21B | $3.23B | $3.53B | $3.03B | $3.13B | $3.14B | $3.35B | $2.83B | $2.76B | $3.00B | $4.99B | $2.48B | $2.59B | $2.47B | $4.54B | $6.40B | $5.13B | $4.85B | $4.13B | $5.41B | $5.26B | $5.53B | $4.35B | $4.48B | $4.25B | $4.38B | $4.48B | $3.84B | $3.73B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -0.06% | 1.26% | 0.90% | 3.13% | 1.57% | 1.92% | 1.43% | 1.27% | 1.19% | 1.62% | 1.51% | 1.91% | 1.63% | 1.49% | 0.85% | 0.93% | 1.66% | 1.89% |
10 analysts predict GS's average Quarter EBITDA for Dec 23 to be $2.62B, with a high of $2.70B and a low of $2.48B. This is -22.95% lower than Goldman Sachs Group's previous annual EBITDA (Sep 23) of $3.40B.
Goldman Sachs Group Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 8 | 4 | 9 | 9 | 10 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 6 | 3 | 3 | 3 | 2 | 2 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $1.87B | $2.06B | $1.22B | $3.23B | $1.33B | $3.07B | $2.93B | $3.94B | $3.94B | $5.38B | $5.49B | $6.84B | $4.51B | $3.37B | $373.00M | $1.21B | $1.92B | $1.88B |
| Avg Forecast | $3.66B | $3.84B | $3.79B | $4.34B | $3.34B | $3.46B | $3.42B | $3.96B | $2.67B | $2.28B | $2.75B | $3.76B | $1.20B | $1.79B | $1.04B | $3.42B | $4.68B | $2.59B | $2.22B | $3.11B | $3.95B | $3.40B | $3.44B | $3.44B | $2.50B | $1.86B | $1.31B | $1.30B | $1.81B | $1.62B |
| High Forecast | $3.86B | $4.05B | $4.00B | $4.57B | $3.52B | $3.64B | $3.60B | $4.55B | $2.86B | $2.40B | $2.75B | $4.52B | $1.52B | $1.89B | $1.10B | $4.11B | $5.61B | $2.74B | $2.34B | $3.73B | $4.17B | $3.59B | $3.64B | $4.13B | $2.64B | $1.96B | $1.38B | $1.56B | $1.91B | $1.71B |
| Low Forecast | $3.45B | $3.62B | $3.57B | $4.09B | $3.15B | $3.26B | $3.22B | $3.49B | $2.35B | $2.15B | $2.75B | $3.01B | $379.31M | $1.69B | $982.66M | $2.74B | $3.74B | $2.46B | $2.10B | $2.49B | $3.74B | $3.22B | $3.26B | $2.76B | $2.37B | $1.76B | $1.24B | $1.04B | $1.71B | $1.53B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.56% | 1.15% | 1.17% | 0.95% | 0.28% | 1.18% | 1.32% | 1.27% | 1.00% | 1.58% | 1.59% | 1.98% | 1.80% | 1.81% | 0.29% | 0.93% | 1.06% | 1.16% |
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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 8 | 4 | 9 | 9 | 10 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 6 | 3 | 3 | 3 | 2 | 2 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $4.52B | $4.32B | $3.77B | $4.26B | $3.98B | $3.81B | $3.93B | $4.25B | $3.44B | $3.33B | $5.38B | $6.12B | $2.57B | $3.19B | $4.57B | $3.39B | $3.25B | $2.90B |
| Avg Forecast | $4.85B | $4.96B | $4.99B | $5.45B | $4.69B | $4.83B | $4.85B | $5.21B | $4.31B | $4.22B | $4.43B | $4.06B | $3.87B | $4.00B | $3.82B | $3.69B | $4.09B | $3.94B | $3.73B | $3.35B | $4.16B | $4.04B | $4.25B | $3.09B | $3.45B | $3.27B | $3.37B | $3.63B | $2.95B | $2.87B |
| High Forecast | $5.05B | $5.16B | $5.19B | $5.67B | $4.88B | $5.03B | $5.05B | $5.41B | $4.41B | $4.36B | $4.43B | $4.87B | $3.98B | $4.16B | $3.98B | $4.42B | $4.91B | $4.11B | $3.89B | $4.02B | $4.34B | $4.22B | $4.44B | $3.70B | $3.60B | $3.41B | $3.51B | $4.36B | $3.08B | $2.99B |
| Low Forecast | $4.63B | $4.74B | $4.76B | $5.21B | $4.48B | $4.62B | $4.64B | $4.94B | $4.17B | $4.08B | $4.43B | $3.24B | $3.66B | $3.82B | $3.65B | $2.95B | $3.27B | $3.78B | $3.58B | $2.68B | $3.99B | $3.88B | $4.08B | $2.47B | $3.31B | $3.14B | $3.23B | $2.90B | $2.83B | $2.75B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.17% | 1.08% | 0.99% | 1.16% | 0.97% | 0.97% | 1.05% | 1.27% | 0.83% | 0.82% | 1.27% | 1.98% | 0.74% | 0.97% | 1.36% | 0.93% | 1.10% | 1.01% |
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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 8 | 4 | 9 | 9 | 10 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 6 | 3 | 3 | 3 | 2 | 2 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $5.48 | $5.52 | $3.09 | $8.87 | $3.35 | $8.35 | $7.81 | $10.87 | $11.35 | $15.14 | $15.22 | $18.80 | $12.23 | $9.77 | $6.29 | $3.12 | $4.74 | $4.83 |
| Avg Forecast | $11.08 | $11.62 | $11.46 | $13.12 | $10.10 | $10.45 | $10.33 | $11.97 | $8.07 | $6.89 | $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 | $11.67 | $12.24 | $12.08 | $13.82 | $10.65 | $11.01 | $10.89 | $13.76 | $8.65 | $7.26 | $8.31 | $8.72 | $4.61 | $5.71 | $3.32 | $8.58 | $5.86 | $8.17 | $6.99 | $9.41 | $12.44 | $10.71 | $10.84 | $10.80 | $7.87 | $5.86 | $4.12 | $3.28 | $5.70 | $5.09 |
| Low Forecast | $10.43 | $10.94 | $10.80 | $12.36 | $9.52 | $9.84 | $9.74 | $10.55 | $7.11 | $6.49 | $8.31 | $8.71 | $1.15 | $5.11 | $2.97 | $7.67 | $5.24 | $7.33 | $6.26 | $8.43 | $11.15 | $9.60 | $9.72 | $9.69 | $7.06 | $5.25 | $3.69 | $2.94 | $5.11 | $4.56 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.52% | 1.02% | 0.98% | 1.09% | 0.60% | 1.08% | 1.18% | 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 $8.71 and a high estimate of $8.72. 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
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| C | Citigroup | $68.60 | $70.05 | 2.11% | Buy |
| WFC | Wells Fargo & Company | $73.43 | $63.70 | -13.25% | Buy |
| JPM | JPMorgan Chase | $243.09 | $204.63 | -15.82% | Buy |
| GS | Goldman Sachs Group | $581.38 | $477.63 | -17.85% | Buy |
| MS | Morgan Stanley | $132.24 | $102.95 | -22.15% | Buy |
| AXP | American Express Company | $285.55 | $212.71 | -25.51% | Hold |