Alert: Positive Investment/Fundamental Signals (12/14/23)-The Goldman Sachs Group Inc (NYSE: GS)


The Goldman Sachs Group Inc (NYSE: GS). Extremely significant positive changes in investment behavior have recently occurred: positive upside/downside volume developed, its longer term price trend turned up, and the stock rose on very heavy volume.

Minimal positive changes in The Goldman Sachs Group Inc (NYSE: GS) fundamentals have recently occurred: significant quarterly sales acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, GS is expected to continue to be an important Value Builder.

Goldman Sachs Group has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Goldman Sachs Group has a neutral Power Rating of 60 but a very high Appreciation Score of 96, triggering the Highest Value Trend Rating.

Recent Price Action

The Goldman Sachs Group Inc (NYSE: GS) stock enjoyed a very large increase of 5.7% on 12/14/23. The shares closed at $383.47. Moreover, this advance was accompanied by exceptionally high trading volume at 243% of normal. The stock has been strong relative to the market over the last nine months and has risen 12.1% during the last week.

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