Goldman Sachs (GS) stock consensus forecasts for 2024.
Last update: 10/15/2024, 01:05 AM
Brief information about The Goldman Sachs Group, Inc.
Last trading day: 01/01/1970
Analyst forecast price: $387.82
52-week high/low: $389.14 / $287.0
Shares of The Goldman Sachs Group, Inc. are traded on the stock exchange under the ticker GS and belong to the "Financial" sector. The head office is currently located at: 200 WEST STREET, NEW YORK, NY, US. The market capitalization of Goldman Sachs is $125 804 225 000. At the same time, the number of shares in circulation is 326 112 000. The PE ratio according to the latest reporting is at around 18.59. P/E shows the investor how many years his investment in this business pays off. That is, investments in Goldman Sachs shares will pay off in about 19 years. In principle, this is a good indicator, but it is worth looking at these shares only for a long time.
Goldman Sachs (GS) Forecast for 2024
After collecting analyst forecasts for Goldman Sachs stock for 2024, we made one consensus forecast. For clarity, we will immediately build a forecast chart for 2024, which will include historical data on Goldman Sachs stock prices. The gray color on the chart shows the historical price. The turquoise color shows the price forecast with a possible range of fluctuations.
The maximum share price target for this year is $517.99. This represents upside potential of 4.61% from current levels. The average return per month can be 2.31%.
The lowest price level the stock can fall to this year is $458.86. From the current price, the drop will be 7.91%.
Thus, in the period from the current date until the end of 2024, it is possible to form a channel with a resistance level of $517.99 and a support level of $458.86. The width of this channel is $59.13. According to the theory of technical analysis, a downward breakdown of the channel will open the way to $400. If the resistance level is broken, then the road to $577 per share of Goldman Sachs will open.
What is the probability of exiting the channel up? Goldman Sachs shares will remain close to resistance levels for 2 months from today until the end of 2024. This suggests that the probability of breaking through the resistance level is quite small. If stocks break through the $517.99 resistance level and try to gain a foothold above it, then in the future they will most likely test this level from above and if the $517.99 mark holds, then this will be a new channel with new goals.
How about testing the strength of the support level? The price will remain near the support level for 1 month. Breaking through the resistance level is unlikely.
In addition, the real future price of one Goldman Sachs share can be both higher and lower than the target forecast price, but approximately in the range between the pessimistic and optimistic target price.
| Month | Mid | Low | High | Range, % |
|---|---|---|---|---|
| November 2024 | 501.68 | 470.38 | 517.99 | 9.19 % |
| December 2024 | 486.03 | 458.86 | 507.51 | 9.59 % |
Forecast for November 2024.
It is predicted that the price of one Goldman Sachs share in will be in the range of $470.38 to $517.99. The width of this range will be $47.61 (9.19%). The average price is $501.68, which is $501.68 higher than the average price of the previous month.
Forecast for December 2024.
It is predicted that the price of one Goldman Sachs share in will be in the range of $458.86 to $507.51. The width of this range will be $48.65 (9.59%). The average price is $486.03, which is $15.65 less than the average price of the previous month.
