Wells Fargo Thinks Goldman Sachs Group’s Stock is Going to Recover
Wells Fargo analyst Mike Mayo maintained a Buy rating on Goldman Sachs Group (GS – Research Report) today and set a price target of $380.00. The companys shares closed last Thursday at $297.02, close to its 52-week low of $278.15.
According to TipRanks.com, Mayo is a 5-star analyst with an average return of 9.6% and a 57.1% success rate. Mayo covers the Financial sector, focusing on stocks such as Bank of New York Mellon Corporation, JPMorgan Chase & Co., and Fifth Third Bancorp.
Goldman Sachs Group has an analyst consensus of Strong Buy, with a price target consensus of $416.55, which is a 40.5% upside from current levels. In a report released today, Piper Sandler also maintained a Buy rating on the stock with a $410.00 price target.
See the top stocks recommended by analysts >> Based on Goldman Sachs Groups latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $12.93 billion and net profit of $3.94 billion. In comparison, last year the company earned revenue of $17.7 billion and had a net profit of $6.84 billion. Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GS in relation to earlier this year. TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities. Founded in 1869, Goldman Sachs Group, Inc. is a leading global investment banking, securities, and investment management firm. The company provides a range of financial services to clients including corporations, financial institutions, governments and individuals. The company operates through four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. Read More on GS:
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