The Goldman Sachs Group, Inc. : Anticipation of a technical correction
Entry price | Target | Stop-loss | Potential |
---|
$206.86 |
$184.5 |
$214.1 |
+10.81% |
---|
The technical indicators point to a technical correction after the price rise of shares in Goldman Sachs Group Inc.
Strengths● Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.
● The group usually releases upbeat results with huge surprise rates.
● Its low valuation, with P/E ratio at 8.89 and 8.2 for the ongoing fiscal year and 2020 respectively, makes the stock pretty attractive with regard to earnings multiples.
Weaknesses● Technically, the stock approaches a strong medium-term resistance at USD 207.9.
● According to Standard & Poor's' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
● The company's "enterprise value to sales" ratio is among the highest in the world.
● The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.
● Revenue estimates are regularly revised downwards for the current and coming years.
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