On Wednesday analysts at Nomura Securities increased the price
target for Goldman Sachs Group, Inc. (
) following a strong third quarter report.
Goldman Sachs' new price target is $144, up from $128. The new
target is a 16.9% increase from Tuesdays closing price of
Nomura Securities analyst Glenn Schorr commented that the
positive third quarter earnings plus strong potential for the stock
over the next six months is why the firm maintains GS' "Buy" rating
and an increase in price target.
Goldman Sachs share was up $1.05, or .85%, in morning trading on
The Bottom Line
Shares of Goldman Sachs (
) will have a 1.62% dividend yield, based on last night's closing
stock price of $123.22. The stock has technical support in the $115
price area. If the shares can firm up, we see overhead resistance
around the $128-$135 price levels.
Goldman Sachs Group, Inc. (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.3 out of 5 stars.
Be sure to visit our complete recommended list of the
Best Dividend Stocks
, as well as a detailed explanation of
our ratings system here
Created by Dividend.com