Jim Cramer Can’t Believe Goldman Sachs’ (GS) Current Valuation

We recently published Jim Cramer Shared Latest Take On Mega Quantum Computing Investment & Discussed These 13 Stocks. The Goldman Sachs Group, Inc. (NYSE:GS) is one of the stocks discussed by Jim Cramer.

Investment bank The Goldman Sachs Group, Inc. (NYSE:GS)’s shares are up by 61% over the past year and by 9% year-to-date. Citi discussed the firm on May 8th as it raised the share price target to $930 from $765 and kept a Neutral rating on the stock. The coverage came as part of a readjustment for the broader banking sector. Earlier, on April 14th, Bank of America cut the share price target to $1,050 from $1,100 and kept a Buy rating. BofA remarked that The Goldman Sachs Group, Inc. (NYSE:GS) suffered from excessive investor optimism following its first-quarter earnings, as a solid set of results failed to satiate investor appetite. The earnings saw the firm post $17.55 in earnings per share, which beat analyst estimates of $16.49. In a tweet, Cramer discussed The Goldman Sachs Group, Inc. (NYSE:GS)’s role in AvalonBay’s merger with Equity Residential:

“Goldman Sachs gets the Avalon Bay side of the huge merger of equals with Equity Residential . These are monster fees for Goldman, yet it is at 17 times earnings? ridiculously low. Time for a market multiple…”

Jim Cramer Can't Believe Goldman Sachs' (GS) Current Valuation

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.