Goldman Sachs has informed U.S. employees who are returning to offices they will have to get a COVID-19 booster shot, if eligible, by Feb. 1 in order to enter company premises as Omicron spreads throughout the country, while New York registers one of the highest infection rates. Workers must also get tested twice a week…
Goldman Sachs Asks Employees to Get Booster Shots to Enter Offices
Goldman Sachs Strategist Abby Joseph Cohen to Retire, Join Columbia Faculty
Goldman Sachs senior investment strategist Abby Joseph Cohen, whose upbeat stock market forecasts made her the face of the 1990s bull market, will retire at the end of 2021 to join the Columbia University faculty, the company said on Monday. Cohen, who joined Goldman Sachs in 1990, will become professor of business at Columbia University’s…
Goldman Sachs Adds This Software Technology Company to Conviction List With 58 Percent Upside Potential
Goldman Sachs analyst Gabriela Borges initiated coverage of Qualtrics International Inc. with a Buy rating and a $53 price target. The analyst also added the stock to Goldman’s Conviction List with a 58 percent upside to the price target. Borges views Qualtrics as a market leader in customer experience, a segment she believes is growing…
Goldman Sachs Sees Sharp Upside in HubSpot; Initiates Coverage With ‘Buy’ Rating
Goldman Sachs analyst Gabriela Borges initiated coverage of HubSpot Inc. with a Buy rating and $953 price target, implying a 32 percent upside. While HubSpot has outperformed the Nasdaq by 330 percent over the past two years, its strategy and execution will drive further upside to Street estimates over the next five years, Borges tells…
Goldman Sachs Sees 21 Percent Upside in Jamf, Courtesy Apple
Goldman Sachs analyst Brian Essex assumed coverage of Jamf Holding Corp (JAMF) with a Buy rating and $38 price target, implying a 21 percent upside. The stock’s recent pullback presents a buying opportunity, Essex tells investors in a research note. The analyst says Jamf has established itself as a “leading Apple Inc (AAPL) native enterprise”…
Goldman Sachs Slams Omicron Panic: ‘Mutation Is Unlikely to Be More Malicious’
Investment bank Goldman Sachs has asserted that fears over the COVID-19 Omicron variant are unfounded. “This mutation is unlikely to be more malicious and that the existing vaccines will most likely continue to be effective in preventing hospitalizations and deaths.” Goldman said in a Friday evening note, “we do not think that the new variant…
High Inflation Will Force Fed to Roll Back Stimulus Faster, Goldman Sachs Predicts
Goldman Sachs strategists predicted in a Nov. 25 note that hotter-than-expected inflation will push the Federal Reserve to accelerate the pace of phasing out its massive bond-buying program in a bid to ease price pressures. At their most recent policy meeting in early November, Fed officials said they would start dialing back the central bank’s monthly…
Goldman Sachs Sees US Core PCE Halving by End of 2022
Goldman Sachs has forecast growth in the U.S. core personal consumption expenditures (PCE) index to nearly halve by the end of 2022, as the U.S. bank expects a surge in commodity prices and supply-chain constraints to ease after causing near-term price spikes. Economists at Goldman Sachs expect the core PCE index—the Federal Reserve’s preferred inflation…
Partner at McKinsey Management Consulting Company Charged With Insider Trading
A partner at McKinsey, the world’s largest consulting company, has been charged with illegal insider trading in advance of a Goldman Sachs deal with finance and technology lender GreenSky, the Securities and Exchange Commission (SEC) announced on Wednesday. In a press release, the SEC said Puneet Dikshit, a partner at the global management consulting firm, was trading…
Goldman Sachs Buys Troubled Chinese Real Estate Debt
Goldman Sachs is investing in Chinese real estate debt, despite being one of the most battered assets in the global financial markets today. The debt crisis and escalating default risks threatening China Evergrande Group, China Properties Group, and Sinic Holdings are creating enormous problems for the nation’s real estate sector. But the investment titan believes…
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