Goldman Sachs Analysts Boost Their Forecasts Following Better-Than-Expected Earnings
Portfolio Pulse from Avi Kapoor
Goldman Sachs Group Inc. (NYSE:GS) reported better-than-expected second-quarter earnings, with revenue and EPS surpassing consensus estimates. The company saw significant year-over-year growth in Global Banking & Markets and Asset & Wealth Management revenues. Following the earnings report, several analysts raised their price targets for Goldman Sachs.
July 16, 2024 | 5:39 pm
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Goldman Sachs reported better-than-expected Q2 earnings, with revenue of $12.730 billion and GAAP EPS of $8.62, both surpassing consensus estimates. The company saw strong growth in Global Banking & Markets and Asset & Wealth Management revenues. Analysts have raised their price targets following the earnings report.
Goldman Sachs' better-than-expected earnings and strong revenue growth in key segments are positive indicators for the stock. The upward revisions in price targets by multiple analysts further support a bullish outlook in the short term.
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