Morgan Stanley analyst Betsy Graseck raised the firm’s price target on Goldman Sachs to $486 from $449 and keeps an Overweight rating on the shares following an “EPS blowout” in Q1. The firm tells investors that the “blowout” earnings represent “just the beginning of capital markets comeback that we’ve been talking about for the last 3 quarters.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GS:
- GS Earnings: Goldman Sachs Delivers Better-Than-Expected Q1 Earnings
- Goldman Sachs Unveils Financial Results and Outlook in Call
- Goldman Sachs reports headcount down 2% in Q1 vs. end of 2023
- Goldman Sachs reports Q1 FICC revenue $4.32B
- Goldman Sachs reports Q1 annualized ROE 14.8%, annualized ROTE 15.9%