Goldman Sachs Likely To Report Lower Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
Goldman Sachs Group, Inc. (NYSE:GS) is anticipated to report lower Q1 earnings at $8.56 per share compared to $8.79 the previous year, with revenue expected to rise to $12.92 billion from $12.22 billion. The firm aims to expand its private credit portfolio to $300 billion in five years. Shares fell 2% recently. Analysts from JMP Securities, Keefe, Bruyette & Woods, RBC Capital, Oppenheimer, and BMO Capital have provided varied ratings and price targets for GS.
April 15, 2024 | 5:50 am
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Goldman Sachs expected to report lower Q1 earnings but aims for significant growth in its private credit portfolio. Analysts have mixed views, with recent price target adjustments.
The expected decrease in Q1 earnings could negatively impact GS's stock price in the short term. However, the ambitious plan to expand its private credit portfolio and the mixed but generally positive analyst ratings, with several price target increases, could mitigate negative sentiment. The recent 2% drop in share price reflects market reaction to the earnings forecast but may also factor in broader market conditions or the firm's strategic growth plans.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100