JMP Securities Maintains Market Outperform Rating for Goldman Sachs Gr: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
JMP Securities has maintained its Market Outperform rating for Goldman Sachs Gr (NYSE:GS) but lowered its price target from $450.00 to $440.00. The current share price is $315.00, and a move to $440.00 would represent a 39.68% increase. Goldman Sachs generates its revenue from investment banking, trading, asset management, and wealth management and retail financial services.
October 10, 2023 | 5:00 pm
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Goldman Sachs' price target has been lowered by JMP Securities from $450.00 to $440.00, while maintaining a Market Outperform rating. The current share price is $315.00.
The news is directly about Goldman Sachs and its rating by JMP Securities. While the price target has been lowered, the Market Outperform rating suggests that JMP Securities still expects Goldman Sachs to outperform the market. This could have a neutral impact on the stock as the lowered price target might be seen as a negative, but the maintained rating is a positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100