"Founded in 1869, Goldman Sachs is the world's second-largest investment bank by revenue and is ranked 55th on the Fortune 500 list of the largest U.S. corporations by total revenue. The Wall Street white-glove giant offers financing, advisory services, risk distribution, and hedging for the firm's institutional and corporate clients. In addition, they produce some of Wall Street's most coveted research and serve as a bellwether for the financial industry."
"It is always a good sign when the Goldman Sachs team starts raising price targets on Buy-rated companies. Typically, when a stock has been performing well, and its target price is increased, it usually means that analysts are optimistic about what they see six to 12 months ahead. When we see significant price increases of 10% or more, it is time to share this with our readers. Recently, the firm raised price targets on three blue-chip giants, including one of the top-performing Magnificent 7 technology leaders. In an interesting side note, Warren Buffett's Berkshire Hathaway owns two of the stocks we are featuring."
Goldman Sachs, founded in 1869, is the world's second-largest investment bank by revenue and ranks 55th on the Fortune 500. The firm provides financing, advisory services, risk distribution, and hedging for institutional and corporate clients. Goldman Sachs produces influential research and serves as a bellwether for the financial industry. Analysts have raised price targets on several Buy-rated blue-chip stocks, a move that often signals optimism about six- to 12-month prospects. Price targets were increased on three blue-chip giants, including a top Magnificent 7 technology leader, and two featured stocks are owned by Berkshire Hathaway. Ally Financial offers a 2.75% dividend and serves about 10 million customers with digital banking, auto finance, brokerage, advisory, insurance, and corporate finance services.
Read at 24/7 Wall St.
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