Is Goldman Sachs a reliable analyst?

In short — Over 1 year, 60.5% of Goldman Sachs's targets proved profitable, for an average gain of +16.6% per call (all calls, winners and losers) — i.e. +5.4% vs its sector, across 2271 timestamped calls replayed against real prices. JPI verdict: fairly reliable. An analyst can be good in one sector and poor in another — details below.
60.5%profitable calls
+16.6%avg gain / call
+5.4%vs sector
2271scored calls

In which sectors is Goldman Sachs reliable?

SectorCalls % profitable Avg gain 2015+ Avg gain 2020+ Last 12 months
Tech48163.8%+35.8%+43.9%+44.6% (66)
Industry30361.4%+23.1%+29.6%+6.3% (39)
Energy11567%+16.0%+22.6%+17.0% (14)
Materials8655.8%+13.0%+22.4%+1.6% (5)
Cons. disc.28562.8%+12.7%+17.0%+2.3% (45)
Comm.12761.4%+17.1%+16.4%+5.1% (12)
Finance32964.7%+12.4%+13.0%+8.7% (49)
Utilities8756.3%+5.0%+7.8%-7.9% (1)
Health18959.3%+6.7%+5.6%-6.4% (32)
Cons. staples16650.6%+1.3%+1.4%-1.5% (14)
Real estate9145.1%+0.9%+0.3%-13.0% (10)
Crypto128.3%-102.7%-102.7%+16.7% (4)

The 25 stocks Goldman Sachs performed best on

StockCalls % profitable Avg gain 2015+ Avg gain 2020+ Last 12 months
APP AppLovin1080%+270.7%+270.7%
GEV GE Vernova8100%+137.3%+137.3%+40.2% (2)
VRT Vertiv14100%+126.4%+126.4%+24.3% (4)
DE Deere & Company3100%+95.6%+120.2%
DVN Devon Energy580%+101.0%+101.0%
HWM Howmet Aerospace3100%+89.0%+89.0%+18.9% (2)
NVDA Nvidia19100%+87.6%+86.3%+22.8% (2)
DELL Dell Technologies1080%+85.8%+85.8%+160.9% (4)
CMI Cummins5100%+72.2%+81.6%
TPR Tapestry, Inc.1275%+70.7%+80.3%+1.0% (2)
IBKR Interactive Brokers683.3%+52.2%+77.2%+27.2% (1)
NUE Nucor862.5%+42.7%+76.8%
LRCX Lam Research1070%+75.5%+76.1%+89.5% (2)
GE GE Aerospace6100%+74.1%+74.1%
FLEX Flex Ltd.8100%+54.5%+73.2%+31.3% (4)
META Meta Platforms1693.8%+68.8%+68.8%
URI United Rentals1478.6%+53.8%+66.9%
DHI D. R. Horton560%+45.7%+66.2%-11.5% (1)
JBL Jabil1586.7%+51.1%+62.4%-15.8% (2)
APH Amphenol1080%+48.6%+60.4%+25.5% (2)
JNJ Johnson & Johnson366.7%+19.5%+59.8%+33.8% (2)
MCK McKesson Corporation366.7%+28.5%+57.1%
TRMB Trimble Inc.1181.8%+51.7%+56.9%
BXP BXP, Inc.366.7%+9.9%+56.5%
CRWD CrowdStrike1181.8%+38.5%+56.5%+77.7% (1)
% profitable = share of its calls that made money (1 year). Avg gain / call = average absolute gain per call (winners and losers). Point-in-time, S&P 500 backtest.

❓ Goldman Sachs: frequently asked questions

Is Goldman Sachs a reliable analyst? How accurate are their price targets?

Over 12 months, 60.5% of Goldman Sachs's targets were profitable, averaging +16.6% per call (+5.4% vs their sector), across 2271 timestamped calls. Verdict: fairly reliable. We judge on real results, not reputation — the call-by-call detail is further up this page.

JPI AI Analyst AI assistant · JPI Invest
Answers based on the tool’s data · not financial advice · full version (free)