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Benzinga
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These Analysts Revise Their Forecasts On Goldman Sachs After Better-Than-Expected Q3 Results

1. Goldman Sachs reported Q3 net revenue of $15.18 billion, 20% Y/Y increase. 2. GAAP earnings rose to $12.25 per share, outperforming consensus estimates. 3. CEO Solomon highlighted strong client demand amid an improving market. 4. Morgan Stanley lowered GS price target from $854 to $828. 5. Barclays raised GS price target from $720 to $850, maintaining Overweight rating.

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FAQ

Why Bullish?

The significant revenue and earnings growth, combined with analyst upgrades, indicates positive momentum for GS. Historically, strong quarterly performances have led to stock price increases, as seen in prior earnings reports.

How important is it?

The article contains critical financial data and analyst opinions that impact investor sentiment and GS stock performance directly.

Why Short Term?

The immediate positive sentiment following the earnings report could boost prices in the short term, as market reactions to earnings are typically swift.

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