Goldman utopia

Lloyd Fonzie Blankfein

Goldman Sachs could rise to $239 a share were all its businesses to peak at once, said Brad Hintz, an analyst at Sanford C. Bernstein.

Bloomberg reports that Hintz is maintaining an outperform rating on shares of the firm, with a price target of $190, he said in a report this week. His valuation for Goldman Sachs would reach the $239 peak in a 'utopian scenario' where revenue from stock underwriting matched 2000, trading equalled 2007 and the firm cut the percentage of compensation it paid to bankers, he said.

Achieving this zenith 'in the near term is unlikely and would require a nirvana-like environment,' Hintz wrote in the report.

To access the complete Bloomberg article hit the link below:

Goldman Shares Worth $239 in 'Utopian Scenario,' Bernstein Says  

Hedge Fund Crude Wagers Climb to Highest Since September: Energy 

Have something to tell us about this article?

JefferiesAnd the Best Place to Work in the global financial markets 2018 is...