Benzinga - by Lisa Levin, Benzinga Editor.
The Goldman Sachs Group, Inc. (NYSE: GS) is expected to release financial results for its third quarter, before the opening bell on Oct. 17, 2023.
Analysts expect the company to post quarterly earnings at $5.31 per share, down from year-ago earnings of $8.25 per share. The company’s revenue might come in at $11.14 billion, compared to $11.97 billion in the year-ago period.
Goldman Sachs shares gained 1.7% to close at $314.39 on Monday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
- JMP Securities analyst Devin Ryan maintained a Market Outperform rating and cut the price target from $450 to $440 on Oct. 10, 2023. This analyst has an accuracy rate of 64%.
- Morgan Stanley analyst Betsy Graseck maintained an Equal-Weight rating and lowered the price target from $347 to $329 on Oct. 3, 2023. This analyst has an accuracy rate of 61%.
- Oppenheimer analyst Chris Kotowski maintained an Outperform rating and cut the price target from $461 to $450 on Sept. 26, 2023. This analyst has an accuracy rate of 70%.
- Citigroup analyst Keith Horowitz maintained a Neutral rating and slashed the price target from $400 to $380 on Sept. 21, 2023. This analyst has an accuracy rate of 69%.
- BMO Capital analyst James Fotheringham maintained an Outperform rating and raised the price target from $407 to $411 on July 20, 2023. This analyst has an accuracy rate of 68%.
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