Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Goldman Sachs Group Inc before investing.

In this article, we go over a few key elements for understanding Goldman Sachs Group Inc’s stock price such as:

• Goldman Sachs Group Inc’s current stock price and volume
• Why Goldman Sachs Group Inc’s stock price changed recently
• Upgrades and downgrades for GS from analysts
• GS’s stock price momentum as measured by its relative strength

About Goldman Sachs Group Inc (GS)

Before we jump into Goldman Sachs Group Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

The Goldman Sachs Group, Inc. is a global financial institution that delivers a range of financial services to a large and diversified client base that includes corporations, financial institutions, governments and individuals. Its segments include Global Banking & Markets, Asset & Wealth Management and Platform Solutions. The Global Banking & Markets segment offers a range of services, including financing, advisory services, risk distribution, and hedging for its institutional and corporate clients. It facilitates client transactions and makes markets in fixed income, equity, currency and commodity products. The Asset & Wealth Management segment manages assets and offers investment products across all asset classes to a diverse set of clients. It also provides investing and wealth advisory solutions. The Platform Solutions segment includes consumer platforms, such as partnerships offering credit cards and point-of-sale financing, and transaction banking and other platform businesses.

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Goldman Sachs Group Inc’s Stock Price as of Market Close

As of September 10, 2024, 4:00 PM, CST, Goldman Sachs Group Inc’s stock price was $467.13.

Goldman Sachs Group Inc is down 4.39% from its previous closing price of $488.57.

During the last market session, Goldman Sachs Group Inc’s stock traded between $483.39 and $494.28. Currently, there are 329.80 million shares of Goldman Sachs Group Inc stock available for purchase.

Goldman Sachs Group Inc’s price-earnings (P/E) ratio is currently at 15.7, which is low compared to the Investment Banking & Brokerage Services industry median of 16.5. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Goldman Sachs Group Inc Stock Price History

Goldman Sachs Group Inc’s (GS) price is currently down 8.45% so far this month.

During the month of September, Goldman Sachs Group Inc’s stock price has reached a high of $509.70 and a low of $461.57.

Over the last year, Goldman Sachs Group Inc has hit prices as high as $517.26 and as low as $289.36. Year to date, Goldman Sachs Group Inc’s stock is up 36.04%.

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What Caused Goldman Sachs Group Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 09, 2024, there were 0 analysts who downgraded Goldman Sachs Group Inc’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Goldman Sachs Group Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Goldman Sachs Group Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Goldman Sachs Group Inc’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Goldman Sachs Group Inc (GS) by visiting AAII Stock Evaluator.

Relative Price Strength of Goldman Sachs Group Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 09, 2024, Goldman Sachs Group Inc has a weighted four-quarter relative price strength of 5.31%, which translates to a Momentum Score of 79 and is considered to be Strong.

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Goldman Sachs Group Inc Stock Price: Bottom Line

As of September 10, 2024, Goldman Sachs Group Inc’s stock price is $467.13, which is down 4.39% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Goldman Sachs Group Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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