Goldman Sachs Gears Up For Q4 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Goldman Sachs (NYSE:GS) is set to release its Q4 earnings on Jan. 16, 2024, with an expected EPS of $3.41, up from $3.32 the previous year, and projected revenue of $10.80 billion, up from $10.59 billion. The company's Asset Management division closed the West Street Life Sciences I fund with $650 million in equity commitments. Shares fell 0.5% to $377.75 recently. Analysts from UBS, Morgan Stanley, Oppenheimer, JMP Securities, and Citigroup have provided various ratings and price targets for GS stock.
January 16, 2024 | 5:30 am
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Goldman Sachs is expected to report increased earnings and revenue for Q4. Analysts have revised their price targets with a general positive outlook, despite a recent 0.5% drop in share price.
The anticipation of higher earnings and revenue for Goldman Sachs suggests a positive outlook, which could lead to a short-term increase in stock price. The recent closure of the Life Sciences I fund above its target also reflects positively on the company's asset management capabilities. However, the recent share price drop indicates some investor caution. The mixed analyst ratings and price target revisions, with some analysts raising and others lowering their targets, could create uncertainty, but the overall positive revisions suggest a bullish sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100