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Goldman Sachs has sparked a significant downturn in the stock market, leading to sharp declines in major tech stocks, including NVIDIA (NVDA), Tesla (TSLA), and Palantir (PLTR). The market's reaction reflects growing concerns among investors about the broader economic implications.
The Goldman Sachs Group reported a strong quarterly performance with earnings per share of $11.95, exceeding estimates, and a revenue of $13.87 billion, up 22.5% year-over-year. Despite a Hold rating from analysts, several firms have adjusted their price targets, with an average target of $590.60. The company also announced a quarterly dividend of $3.00, yielding 2.21%.
MarketBeat highlights five stocks recommended by top analysts, excluding The Goldman Sachs Group, which holds a "Hold" rating. Recent reports show JPMorgan Chase raised its price target for Goldman Sachs to $625, while Keefe, Bruyette & Woods lowered it to $660. The company reported strong quarterly earnings, exceeding estimates with $11.95 EPS and a revenue increase of 22.5% year-over-year. Additionally, Goldman Sachs announced a quarterly dividend of $3.00, yielding 2.21%.
Wells Fargo has reduced its price target for Reddit from $215 to $158. This adjustment reflects a shift in market expectations and analysis regarding the company's financial outlook.
Wells Fargo has lowered its price target for Alphabet from $184 to $167. This adjustment reflects the bank's updated outlook on the tech giant's market performance.
Barclays PLC's stock has seen a decline of 2.9%, opening at $15.42, with a 52-week range of $8.95 to $16.34. The company recently reported an EPS of $0.34, surpassing estimates, and announced a dividend increase to $0.2737 per share, reflecting a yield of 2.7%. Analysts have mixed ratings, with one upgrade to "outperform" and a downgrade to "hold," resulting in an average rating of "Moderate Buy."
USD/JPY is experiencing a pullback after failing to maintain momentum near the 50-DMA and 200-DMA at 151.30/151.60. Analysts indicate that a breach of the recent support level around 148.15/147.50 could lead to a decline towards March lows near 146.50, with potential further drops to 145.
UBS analyst Andrew Jones suggests that now is the time to buy leading U.S. steel stocks, particularly Nucor, as domestic steelmakers may gain a competitive edge due to tariffs on foreign imports. Despite recent declines, Nucor's strong cash position and potential for growth in a stabilizing tariff environment make it a compelling investment opportunity. The company reported a quarterly revenue of $7.08 billion, exceeding expectations, and is well-positioned to benefit from reshoring trends in the industry.
Citigroup Inc. reported a quarterly EPS of $1.34, surpassing estimates, with revenue of $19.58 billion, a 12.3% increase year-over-year. The company declared a $0.56 quarterly dividend and announced a $20 billion share repurchase plan, indicating confidence in its stock value. Analysts project Citigroup will achieve 7.53 EPS for the current year.
UBS Wealth has revised its S&P 500 target downward, indicating a cautious outlook. However, the firm also notes that there remains "meaningful upside" potential for investors, suggesting opportunities despite the adjustment in expectations.
Market Analysis and Predictions
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Goldman Sachs Sparks Stock Market Decline as Major Tech Stocks Plummet
12:45 31.03.2025
goldman sachs group reports strong earnings but analysts suggest better investment options
12:40 31.03.2025
goldman sachs group faces mixed analyst ratings and stock performance updates
12:39 31.03.2025
Wells Fargo lowers Reddit price target to 158 from 215
12:21 31.03.2025
Wells Fargo lowers Alphabet price target to 167 from 184
12:20 31.03.2025
barclays stock performance and analyst ratings update for investors
12:15 31.03.2025
usd jpy pullback signals potential decline towards march lows
11:59 31.03.2025
time to invest in top steel stocks as market shifts
11:56 31.03.2025
citigroup reports strong earnings and announces significant share buyback plan
11:53 31.03.2025
ubs wealth reduces s and p 500 target while noting upside potential
11:40 31.03.2025
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