Goldman Sachs, Riding A Slide, Downgraded By Vetr

Goldman Sachs Group Inc. GS despite the company’s shares trading up over five percent since the start of June entering Thursday’s open. That said, the Vetr community has downgraded the company from 3.5 stars to 3 stars. Goldman Sach’s first quarter earnings report in April showed decent misses on EPS and revenue estimates, yet the company has traded up about $10 in the following weeks.

See how crowdsourced ratings can help predict the market?

Vetr members have given Goldman Sachs a buy rating and a $233.49 price target. This price target is slightly higher than the $232.64 price target from Wall Street analysts. The company opened Thursday around $225.

Of all Vetr raters, about 55 percent believe traders and investors should buy Goldman Sachs stock.

For Vetr’s full analysis of Goldman Sachs, go here.