Oppenheimer Maintains Outperform Rating for Goldman Sachs Gr: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Oppenheimer has reaffirmed its Outperform rating on Goldman Sachs Group (NYSE:GS) and increased its price target from $481.00 to $491.00. Despite the positive outlook, Goldman Sachs shares have fallen 1.09% in the last 24 hours to $376.30. The new price target suggests a potential upside of 30.48% from the current price. Goldman Sachs is a major investment bank with diverse revenue streams, with the majority of its net revenue coming from the Americas.
January 17, 2024 | 5:00 pm
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Oppenheimer maintains an Outperform rating on Goldman Sachs and raises the price target to $491, suggesting a significant upside from the current price, despite a recent 1.09% drop in share value.
The reaffirmation of the Outperform rating and the raised price target by Oppenheimer are strong positive signals for investors, indicating analyst confidence in the future performance of Goldman Sachs. The short-term impact is likely to be positive as the new price target represents a substantial potential increase. However, the recent dip in share price suggests some market hesitation, which may temper the immediate response.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100