New to Investing? This 1 Finance Stock Could Be the Perfect Starting Point
Building an investment portfolio from scratch can be difficult, especially if you're new to investing. It's easy to feel overwhelmed with so many different investment options out there, but focusing on stocks that are set to outperform the market over the next 12 months is an excellent place to start.
Now, let's take a deep dive into a great stock that could be just the right addition to your portfolio.
Why You Should Pay Attention to Goldman Sachs (GS)
Founded in 1869, The Goldman Sachs Group, Inc. is a leading global financial holding company providing IB, securities, investment management and consumer banking services to a diversified client base. The company is headquartered in New York, with offices in major financial centers globally.
Since being added to the Zacks Focus List on July 11, 2018 at $226.85 per share, shares of GS have increased 82.37% to $413.71.
Two analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.08 to $32.60. GS boasts an average earnings surprise of 15.9%.
Moreover, analysts are expecting Goldman Sachs' earnings to grow 42.5% for the current fiscal year.
Since stock prices respond to earnings estimate revisions, it can be very profitable to buy stocks with an increased earnings outlook. By buying a Focus List stock like GS, then, you're likely getting into a company whose future earnings estimates will be raised, potentially leading to price momentum.
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The Goldman Sachs Group, Inc. (GS) : Free Stock Analysis Report
