Among financial services giants, Goldman Sachs (NYSE: GS) is probably one of the most respected, forward-looking, agile and dominating company out there. Having said that, the last few months have shown quite a bit of volatility in the stock – going from $218 to $227 then back down to $211 and back up at $226.
Over the last one year, the stock has given strong returns though. $10,000 invested last June would have yielded over $15,000 by now. So it should be interesting to see what various indicators are showing us.
GS Stock Sentiment
Evidently, the sentiment has been constantly wavering over the last 3 months. And so has the stock price. But the thing to notice is also the consensus analyst price target which hangs at $233.2 as against the current price of $223. So the Wall Street expectation is probably that the stock will climb a little bit more from here.
On the stock sentiment front, while there’s consistent, long-term, bullishness the short-term fluctuations could be due to retirement announcements (head of M&A as well as head of equities) and after-effects of subsequent price drops.
Revenue consistency is one of the most significant long term signals and GS scores well here. The next announcement could see a revenue uptick and subsequent forecasts point to continuing stability. Coupled with the Confidence Meter at a slightly bullish 58%, it should be interesting to see how GS continues to perform over the next 3 months.
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