Goldman Sachs' Underwhelming Performance Sparks Concern Among Investors
Goldman Sachs (GS) has traded in lockstep with the market, returning 8.2% over the last six months to its current price of $1,016.
A closer look at the financial services company's performance reveals some concerns for investors. Over the past five years, Goldman Sachs' revenue growth rate fell short of industry benchmarks, coming in at a sluggish 3.5% compounded annual growth rate.
Furthermore, the company's earnings per share (EPS) have barely grown, increasing by just 3% annually over the same period.
The analysts who produced this report are passing on Goldman Sachs for now, citing these disappointing long-term performance metrics as reasons to avoid it. They argue that there are better opportunities available and recommend looking at their top digital advertising picks instead.