Goldman Sachs Likely To Report Lower Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Goldman Sachs Group, Inc. GS is set to release earnings results for its first quarter before the opening bell on April 15, 2024.

Analysts expect the New York-based investment bank to report quarterly earnings at $8.56 per share, down from $8.79 per share in the year-ago period. Goldman Sachs is projected to report quarterly revenue of $12.92 billion, compared to $12.22 billion in the year-earlier quarter, according to data from Benzinga Pro.

Goldman Sachs Group’s Asset Management arm reportedly plans to expand its private credit portfolio to $300 billion in five years from $130 billion presently.

Goldman Sachs shares fell 2% to close at $389.49 on Friday.

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 boosted the price target from $440 to $460 on April 9, 2024. This analyst has an accuracy rate of 78%.
• Keefe, Bruyette & Woods analyst David Konrad maintained an Outperform rating and raised the price target from $445 to $485 on April 5, 2024. This analyst has an accuracy rate of 76%.
• RBC Capital analyst Gerard Cassidy reiterated a Sector Perform rating and a price target of $390 on March 27, 2024. This analyst has an accuracy rate of 71%.
• Oppenheimer analyst Chris Kotowski maintained an Outperform rating and cut the price target from $506 to $446 on March 19, 2024. This analyst has an accuracy rate of 82%.
• BMO Capital analyst James Fotheringham maintained a Market Perform rating and raised the price target from $357 to $360 on Jan. 18, 2024. This analyst has an accuracy rate of 71%.

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