How to Find Strong Buy Finance Stocks Using the Zacks Rank
It doesn't matter if you're a growth, value, income, or momentum-focused investor -- building a successful investment portfolio takes skill, research, and a little bit of luck.
Should You Buy #1 (Strong Buy)-Ranked Goldman Sachs (GS) for Your Portfolio?
Goldman Sachs was upgraded to the Zacks Rank #1 list on May 17, 2024. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.
Founded in 1869, The Goldman Sachs Group, Inc. is a leading global financial holding company providing IB, securities, investment management and consumer banking services to a diversified client base. The company is headquartered in New York, with offices in major financial centers globally.
For fiscal 2024, nine analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $3.92 to $36.71 per share. GS boasts an average earnings surprise of 22.8%.
Earnings are expected to grow 60.5% for the current fiscal year, while revenue is projected to increase 12.1%.
Even more impressive, GS has gained in value over the past four weeks, up 15.8% compared to the S&P 500's gain of 5.8%.
Bottom Line
With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Goldman Sachs could be just the stock to help your portfolio generate returns that could fund your retirement, your kids' college tuition, or your short- and long-term savings goals.
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The Goldman Sachs Group, Inc. (GS) : Free Stock Analysis Report
