16 Apr

How Analysts Reacted to Goldman’s Q1 Results

WRITTEN BY Amit Singh

Analysts’ activity

After Goldman Sachs (GS) posted mixed first-quarter results yesterday, KBW lowered its target price to $210 from $215, and BMO reduced it to $260 from $262. However, Morgan Stanley increased its target price to $218 from $207.

Of the 25 analysts covering the Goldman Sachs, 13 recommend “hold,” ten recommend “buy,” and two recommend “sell.” Their target price of $230 per share implies a 15.1% upside based on its April 15 closing price of $199.91. Most analysts covering Wells Fargo (WFC) and JPMorgan Chase (JPM) recommend “hold,” and most covering Bank of America (BAC) and Citigroup (C) recommend “buy.”

How Analysts Reacted to Goldman’s Q1 Results

Ready to put your morning scrolling to use? Sign up for Bagels & Stox, our witty take on the top market and investment news straight to your inbox! Whether you’re a serious investor or just want to be informed, Bagels & Stox will be your favorite email.

Stock performance

Goldman Sachs stock had risen 19.7% this year as of yesterday, and its forward PE multiple of 8.2x was ~23% lower than its historical average of 10.6x. The bank’s lower valuation has boosted its stock. In comparison, Wells Fargo, JPMorgan Chase, Bank of America, and Citigroup stock had risen 1.5%, 12.6%, 21.1%, and 29.4%, respectively.

Latest articles

Apple (AAPL) stock is up almost 68% year-to-date. AAPL has returned 50% in the trailing 12 months and 125% in the last five years.

While the media caters to Millennial preferences, there’s one economic sector that’s shifting to a more seasoned crowd: healthcare stocks.

Despite solid earnings growth this year, Energy Transfer stock fell close to its multiyear lows recently. Could this weakness be seen as an opportunity?

Last week, Duquesne Family Office, managed by Stanley Druckenmiller, filed its Q3 13F with the SEC. We'll look at the fund's top holdings, buys, and sells.

Investors have waited for a peek at Tesla's electric pickup truck. Elon Musk hinted that it has the Porsche 911's performance and the F-150's functionality.

AT&T plans to launch HBO Max in May 2020. At $14.99 per month, this subscription video service could garner about 50 million subscribers over five years.