These Analysts Revise Price Targets On Goldman Sachs Following Mixed Q1 Results

The Goldman Sachs Group, Inc. GS reported mixed Q1 financial results.

Goldman Sachs reported Q1 net revenues of $12.22 billion, down 5% Y/Y, missing the consensus estimate of $12.79 billion. EPS of $8.79 beat the consensus estimate of $8.10.

Goldman Sachs shares fell 1.7% to close at $333.91 on Tuesday and lost 1.3% in pre-market trading session.

These analysts made changes to their price targets on Goldman Sachs following earnings announcement.

• JP Morgan cut the price target on Goldman Sachs from $430 to $415. JP Morgan analyst Kian Abouhossein maintained the stock with an Overweight.
• JMP Securities raised the price target on Goldman Sachs from $460 to $470. JMP Securities analyst Devin Ryan maintained an Outperform rating.
• RBC Capital raised the price target on Goldman Sachs from $339 to $375. RBC Capital analyst Gerard Cassidy maintained the stock with a Sector Perform rating.
• Keefe, Bruyette & Woods increased the price target on Goldman Sachs from $390 to $400. Keefe, Bruyette & Woods analyst David Konrad maintained the stock with an Outperform.
• Oppenheimer slashed the price target on Goldman Sachs from $440 to $437. Oppenheimer analyst Chris Kotowski maintained the stock with an Outperform.

Read More: Investor Optimism Declines Following Earnings Reports