Goldman Sachs stock: buy or sell
Updated on:
Jan 18th, 2021
2
Goldman Sachs stock brief
- After marking new all-time highs last Thursday, Goldman Sachs closed at $301.01 falling a -2.23%
- Goldman Sachs is presenting its earnings report on Tuesday
- The Goldman Sachs Group, Inc. operates as an investment banking, securities, and investment management company 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?
Currently, Goldman Sachs stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $GS will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Goldman Sachs stock?
When is it time to sell Goldman Sachs stock?. As when we have to buy shares, determining when is the best time to sell is not a fickle decision, and we must follow our own trading style. Our trading system selects very simple strategies to guide us on when is the best time to sell our shares. Be aware that these strategies are not intended for selling short $GS stock
A guiding principle is that you must never keep a trade that leads to losses greater than those expected at the time of the buy. The moment to sell shares always has to be determined 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 hold Goldman Sachs stock and your operation is in profit probably is not time to sell now
Goldman Sachs ratings
In the last 30 days, 8 ratings were published for Goldman Sachs. General sentiment is bullish, with 5 out of 8 posting optimistic outlooks
| Brokerage firm | Rating |
|---|---|
| Dec 21st, 2020 | |
| Morgan Stanley | Sell |
| Wells Fargo & Company | |
| Jan 4th, 2021 | |
| Barclays | |
| Jan 6th, 2021 | |
| Daiwa Capital Markets | Buy |
| Deutsche Bank Aktiengesellschaft | Neutral |
| JPMorgan Chase & Co. | |
| Jan 11th, 2021 | |
| Piper Sandler | Buy |
| Jan 12th, 2021 | |
| JMP Securities | Buy |
Goldman Sachs stock analysis
Since the price bottomed at $184.51 last October, the stock surged by 63.14%.
$GS at Highs
Last Thursday, Goldman Sachs reached new all-time highs (ATH) again at $309.41. Stock surged fast in the last 2 weeks, hiting new all-time highs 5 times
SMAs overview
Supports and resistances
Price is at highs and there are not upper resistances.
The current support levels are:
Bollinger bands
Since the price surpassed the upper band last Thursday, the price has corrected downwards by 2.71%
Relative strength index
Crossed up the overbought line last Friday, marking a reading of 76.82. The fact that the value is above 70 does not imply a sell signal, as stock price can be above the level of 70 for many, many weeks and continue to climb
Goldman Sachs stock price history
Goldman Sachs went public priced at an adjusted price1 of $59.22 on May 1999. Since then, GS stock has risen by 408.29%, with an average of 19.44% per year. If you had invested thousand dollars in Goldman Sachs stock on May 1999, it would have a value of $5,082.91 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Goldman Sachs stock
Nobody can predict 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 forecasts posted by brokerage institutions in the last month. Again, these forecasts are not direct recommendations for individual investors and must not be trusted blindly.
The average price target for Goldman Sachs stock calculated from the table below is $309.71. Goldman Sachs closed at $301.01 last Friday, so the target price is predicting a growth by 2.89%.
| Brokerage firm | Price target |
|---|---|
| Dec 21st, 2020 | |
| Morgan Stanley | $273.00 → $291.00 |
| Wells Fargo & Company | Not available |
| Jan 4th, 2021 | |
| Barclays | $362.00 |
| Jan 6th, 2021 | |
| Daiwa Capital Markets | $300.00 |
| Deutsche Bank Aktiengesellschaft | $230.00 → $290.00 |
| JPMorgan Chase & Co. | $280.00 |
| Jan 11th, 2021 | |
| Piper Sandler | $270.00 → $325.00 |
| Jan 12th, 2021 | |
| JMP Securities | $285.00 → $320.00 |
Earnings and financials
Goldman Sachs ($GS) will host the quarterly earnings call on Tuesday. Forecasted for this quarter is $7.47, compared to $9.68 that was reported for Q3.
Stocks presenting financial report often show a much higher volatility in price while market is closed and the session after. This volatility means that your stop-loss orders may become useless or may trigger far from your aimed price. You can obtain more details about the earnings conference call and the earnings reports on the Investor Relations section of its website: http://www.goldmansachs.com.
The Goldman Sachs Group, Inc. ($GS) published quarterly earnings of $9.68 per share last October, strongly improving the Market consensus estimate of $5.57 per share. This Q3 report means an earnings surprise of 73.79%. Estimated turnover for Q3 was $9.5 billion but Goldman Sachs beat by 13.96%, posting $10.8 billion.
In comparison, the EPS for the same quarter last year was $4.79, so posted EPS is a improvement of 102.09%. Turnover exploded a 30.76% on an annualized basis in the , from $80.3B to $105.0B last quarter.Goldman Sachs performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Goldman Sachs ($GS) | 23.60% | 45.30% | 44.50% |
Disclaimer:
The opinions given in this article are personal and not recommendations for you to buy or sell stocks. The author of this text does not know the particular positions of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are expressed for educative reasons onlyGoldman Sachs summary
| Friday, January 15th, 2021 | |
|---|---|
| Open | $301.19 |
| Close | $301.01 |
| Day range | $296.88 - $304.86 |
| Previous close | $307.87 |
| Session gain | -2.23% |
| Average true range | $10.47 |
| 50d mov avg | $244.55 |
| 100d mov avg | $222.22 |
| 200d mov avg | $207.10 |
| Earnings date | January 19th, 2021 |
Frequently asked questions
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Latest Goldman Sachs news
- CNN MoneyGoldman Sachs slants research to help Democrats, top White House adviser saysOct 2, 2018
- CNN MoneyGoldman Sachs' new CEO has a lot of work to doOct 1, 2018