Goldman Sachs stock: buy or sell

GS stock price: $335.27 1.02% At close on Apr 21st, 2021

Updated on:
Apr 22nd, 2021

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Goldman Sachs stock brief

  • Goldman Sachs closed on Wednesday at $335.27 after inching a 1.02%.
  • Barclays, Berenberg Bank, Credit Suisse Group and 4 others published hold ratings for Goldman Sachs on Wednesday, with an average forecast of $399.57
  • From the chart point view, price is drawing a scaled uptrend since October 2020 with higher tops and higher bottoms. Up to date, price made a 82.42% profit since the beginning of this rally
  • On April 14, Goldman Sachs released its Q1 financial report
  • The Goldman Sachs Group, Inc., a financial institution, provides range of financial services for corporations, financial institutions, governments, and individuals worldwide.

Should I buy Goldman Sachs stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $GS stock a buy?

In the current situation of Goldman Sachs there is just one buy setup eligible:

Uptrend buy setup

Goldman Sachs stock continues to trend higher since in October 2020 and has marked a gorgeous 82.42% gain. Price marked a local bottom in this uptrend at $317.72 in late March, and since then it bounced off a 5.52%. Breaking out above $356.85 - it's last top - will be a good entry point if Goldman Sachs resumes the uptrend. If you decide to enter this trade, the suggested stop loss is at $321.17

Buy setupBuy pointStop lossRisk
Uptrend buy setup$356.85$321.1710.00%

Should I sell Goldman Sachs stock?

Do you know when is it time to sell Goldman Sachs?. Like when we have to buy shares, choosing when is appropiate to sell is not a random decision, and we must follow our own trading style. Our trading system selects very simple setups to guide us on when is the best time to sell our shares. Be aware that these setups should not be used for selling short Goldman Sachs stock

A golden rule is that you must never hold an investment that shows a losses greater than those expected upon the buy. The moment to sell shares should always be dictated by the stop-loss (automatic or manual)

Is it time to sell Goldman Sachs stock?

Currently, Goldman Sachs stock doesn't match any of our preferred sell setups, so if you own Goldman Sachs stock and your operation is in profit probably is not time to sell now

Goldman Sachs ratings

In the last 30 days, 20 ratings were published for Goldman Sachs. General sentiment is bullish, with 13 out of 20 posting optimistic outlooks

Goldman Sachs analysts' ratings - Last 30 days
Brokerage firmRating
Apr 1st, 2021
Deutsche Bank Aktiengesellschaft BuyNeutral
UBS Group Strong buyNeutral
Apr 7th, 2021
Barclays Buy
Apr 9th, 2021
JMP Securities Buy
Apr 14th, 2021
Wells Fargo & Company Buy
Apr 15th, 2021
Barclays Buy
Credit Suisse Group Buy
DA Davidson Neutral
JMP Securities Buy
Oppenheimer Buy
Piper Sandler Buy
Royal Bank of Canada
Apr 16th, 2021
BMO Capital Markets Buy
Apr 21st, 2021
Barclays Buy
Berenberg Bank Neutral
Credit Suisse Group Buy
DA Davidson Neutral
Oppenheimer Buy
Piper Sandler Buy
Royal Bank of Canada

Goldman Sachs stock analysis

Since in October 2020, Goldman Sachs has been drawing an uptrend that so far marked a gorgeous 82.42%. During this uptrend, the price offered some entry points on the breakouts. Latest pullback was in late March, when price bounced at $317.72. Like in all uptrends, price needs to take breath and currently price is moving in a range between $356.85 and $317.72

SMAs overview

GS stock SMAs chart

Supports and resistances

The current resistances are:

  • R1: $356.85 (6.44% above)
  • The current support levels are:

  • S1: $317.72 (-5.23% below)
  • S2: $308.20 (-8.07% below)
  • S3: $269.56 (-19.60% below)
  • Bollinger bands

    Since the price surpassed the upper band last Monday, the price corrected downwards by 2.66%. The price is trading near to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a sell signal, as price can trade in these levels for many days and weeks

    GS stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 in mid-March after just crossing to the overbough zone for 1 day (weak signal). The RSI reading on Wednesday was 53.35. Since RSI lost the overbought zone, Goldman Sachs stock collapsed a 3.12%

    GS stock RSI chart

    Goldman Sachs stock price history

    Goldman Sachs went public priced at an adjusted price1 of $58.99 on May 1999. Since then, GS stock surged by 468.35%, with an average of 22.30% per year. An investment of thousand dollars on May 1999 would have a value of $5,683.51 today.

    1: Adjusted price after possible price splits or reverse-splits

    GS stock price history chart

    Price target for Goldman Sachs stock

    Nobody knows how much a share will be priced in the future. However, many stock price predictions are issued every day by banks, financial institutions and independent analysts.

    The following table shows the price target released by analysts in the last 30 days. Again, these forecasts are not direct recommendations for individual investors and should not be followed blindly.

    The average price target for Goldman Sachs stock calculated from the table below is $400.30. That is a 19.40% than the current price ($335.27).

    Goldman Sachs stock price predictions
    Brokerage firmPrice target
    Apr 1st, 2021
    Deutsche Bank Aktiengesellschaft $310.00$365.00
    UBS Group $320.00$340.00
    Apr 7th, 2021
    Barclays $392.00$420.00
    Apr 9th, 2021
    JMP Securities $338.00$400.00
    Apr 14th, 2021
    Wells Fargo & Company $360.00$385.00
    Apr 15th, 2021
    Barclays $420.00$437.00
    Credit Suisse Group $395.00$400.00
    DA Davidson $347.00$378.00
    JMP Securities $338.00$400.00
    Oppenheimer $468.00$497.00
    Piper Sandler $365.00$385.00
    Royal Bank of Canada $319.00$370.00
    Apr 16th, 2021
    BMO Capital Markets $409.00$432.00
    Apr 21st, 2021
    Barclays $420.00$437.00
    Berenberg Bank $270.00$330.00
    Credit Suisse Group $395.00$400.00
    DA Davidson $347.00$378.00
    Oppenheimer $468.00$497.00
    Piper Sandler $365.00$385.00
    Royal Bank of Canada $319.00$370.00

    Earnings and financials

    The Goldman Sachs Group, Inc. ($GS) released earnings of $18.60 per share on April 14, significantly uplifting the Market consensus estimate of $10.22 per share. This quarterly report represents an earnings surprise of 82.00%. Forecasted revenue for Q1 was $12.6 billion but Goldman Sachs highly beat by 40.40%, reporting $17.7 billion.

    This compares to Earnings of $3.11 per share a year ago, so current EPS means a gain of 498.07%. Looking at revenue, figures skyrocketed a 127.70% compared to $78.1B same quarter last year.

    Goldman Sachs ($GS) is releasing quarterly financial report next July. Wall Street predicts of $9.37, compared to Q1 that made $18.60.

    Goldman Sachs performance

    GS performance compared
    Company1m3m6m
    Goldman Sachs ($GS) -0.70% 15.90% 63.70%

    Please read:
    The opinions given in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this report does not have an understanding of the specific conditions of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are provided for education motives only

    Goldman Sachs summary

    Wednesday, April 21st, 2021
    Open$330
    Close$335.27
    Day range$327.56 - $335.47
    Previous close$331.88
    Session gain1.02%
    Average true range$9.02
    50d mov avg$328.49
    100d mov avg$296.56
    200d mov avg$249.56
    Earnings dateJuly 14th, 2021

    Frequently asked questions

    What is Goldman Sachs stock symbol?

    The Goldman Sachs Group, Inc. is a public company trading in the US stock market with the GS symbol

    Is Goldman Sachs stock a buy or sell?

    Goldman Sachs received 20 ratings in the last 30 days: 13 bullish, 0 bearish and 5 neutral.

    Will GS go up?

    Goldman Sachs had different price forecasts posted by market analysts in the last month setting the target price to $400.30. That is a 19.40% than the last price ($335.27).

    Latest Goldman Sachs news