Is Goldman Sachs Stock Outperforming the Nasdaq?
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Valued at a market cap of $184.2 billion, The Goldman Sachs Group, Inc. (GS) 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. The New York-based company operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments.
Companies worth $10 billion or more are generally described as “large-cap stocks”, and Goldman Sachs fits this criterion perfectly. GS offers a broad range of services, including investment banking, securities underwriting, asset and wealth management, and trading across various financial instruments.
Goldman Sachs Group stock declined 10.8% from its 52-week high of $672.19. In addition, GS stock has dipped 3.5% over the past three months, underperforming the broader Nasdaq Composite ($NASX), which gained 1.4% during the same period.
In the long term, Goldman Sachs’ stock is up 4.9% on a YTD basis, outpacing NASX's 1% slip. Additionally, shares of GS have climbed 30.6% over the past 52 weeks, compared to the NASX’s 12.3% increase over the same period.
Since May, the stock has climbed above its 50-day and 200-day moving averages.
Shares of Goldman Sachs rose 1.9% following the release of its strong Q1 2025 results on Apr. 14. The company reported net revenues of $15.1 billion, up 6% year-over-year, surpassing the Wall Street expectations. The revenue growth was driven by higher net revenues in the Global Banking & Markets segment, partially offset by a slight decline in Asset & Wealth Management revenues. The bottom line came in at $14.12 per share, marking a 21.9% increase from the prior year quarter and exceeding the consensus estimate by 11.1%.
Moreover, compared to its rival, Morgan Stanley (MS) has lagged behind Goldman Sachs. MS stock has jumped 29.8% over the past 52 weeks and a 1.8% increase on a YTD basis.
Although Goldman Sachs has outperformed over the past year, analysts remain cautiously optimistic about its prospects. Among the 23 analysts covering the stock, there is a consensus rating of “Moderate Buy,” and it is currently trading slightly below the mean price target of $600.70.
On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.