Upgrade Alert for Goldman Sachs Group (GS)
Goldman Sachs Group (NYSE:GS) was upgraded from Neutral to Buy at Guggenheim today. The stock closed yesterday at $174.51 on volume of 2.4 million shares, below average daily volume of 3.3 million.
Potential upside of 18.7% exists for Goldman Sachs Group, based on a current level of $174.51 and analysts' average consensus price target of $207.17. Goldman Sachs Group shares should encounter resistance at the 200-day moving average (MA) of $174.77 and support at the 50-day MA of $156.96.
The Goldman Sachs Group, Inc., a bank holding company, is a global investment banking and securities firm specializing in investment banking, trading and principal investments, asset management and securities services. The Company provides services to corporations, financial institutions, governments, and high-net worth individuals.
In the past 52 weeks, shares of Goldman Sachs Group have traded between a low of $138.20 and a high of $218.77 and closed yesterday at $174.51, which is 26% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has slid 0.6%.
SmarTrend is monitoring the recent change of momentum in Goldman Sachs Group. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Goldman Sachs Group in search of a potential trend change.
Keywords: analyst upgrades/downgrades goldman sachs group