Stocks
Goldman Sachs Earns 'Moderate Buy' Rating Amid Leverage Risk Concerns
The Goldman Sachs Group Inc. (NYSE:GS) has received an average recommendation of 'Moderate Buy' from twenty-four brokerages covering the company, according to MarketBeat reports.
This rating comes after a recent SEC probe that put leverage risk back in focus following the Situational Awareness hedge fund's 67% drawdown during an AI-stock sell-off.
The firm's latest quarterly results showed earnings per share reaching $20.98, well above the $14.47 consensus estimate, while revenue rose 39.4% year over year to $20.34 billion.
Bank of America lifted its price target on The Goldman Sachs Group from $1,150.00 to $1,300.00 and gave the company a 'buy' rating in a report on Thursday, July 16th.