Building an investment portfolio from scratch can be difficult, especially if you're new to investing. It's easy to feel overwhelmed with so many different investment options out there, but focusing on stocks that are set to outperform the market over the next 12 months is an excellent place to start.

Now, let's take a deep dive into a great stock that could be just the right addition to your portfolio.

Why You Should Pay Attention to Goldman Sachs (GS)

Founded in 1869, The Goldman Sachs Group, Inc. is a leading global financial holding company providing IB, securities, investment management, and consumer banking services to a diversified client base. The company is headquartered in New York, with offices in major financial centers globally.

On July 11, 2018, GS was added to the Zacks Focus List at $226.85 per share. Shares have increased 128.94% to $519.35 since then.

Six analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $1.17 to $37.15. GS also boasts an average earnings surprise of 29.3%.

Earnings for Goldman Sachs are forecasted to see growth of 62.4% for the current fiscal year as well.

Since stock prices respond to earnings estimate revisions, it can be very profitable to buy stocks with an increased earnings outlook. By buying a Focus List stock like GS, then, you're likely getting into a company whose future earnings estimates will be raised, potentially leading to price momentum.

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The Goldman Sachs Group, Inc. (GS) : Free Stock Analysis Report

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