On Oct 17, major Wall Street analysts update their ratings for $Goldman Sachs (GS.US)$, with price targets ranging from $570 to $614.
Morgan Stanley analyst Betsy Graseck maintains with a buy rating, and adjusts the target price from $560 to $570.
BofA Securities analyst Ebrahim Poonawala maintains with a buy rating, and maintains the target price at $575.
Barclays analyst Jason Goldberg maintains with a buy rating, and adjusts the target price from $565 to $588.
Wells Fargo analyst Mike Mayo maintains with a buy rating, and maintains the target price at $600.
Jefferies analyst Daniel Fannon maintains with a buy rating, and adjusts the target price from $571 to $609.
Furthermore, according to the comprehensive report, the opinions of $Goldman Sachs (GS.US)$'s main analysts recently are as follows:
Following a notable third quarter earnings per share beat, largely attributed to robust capital markets results, there was a positive adjustment in earnings expectations. Specifically, investment banking revenues saw a year-over-year increase of 20%, trading revenues rose by 2%, and asset management fees grew by 8%. These upward trends have led to an uplift in the projected earnings per share for the fourth quarter and the full year of fiscal 2025.
The recent quarterly performance of Goldman Sachs has been described as a 'high quality beat' against the consensus, serving as a prime example of the anticipated rebound in capital markets. An increase in the forecasted 2025 EPS is predicated on expectations of augmented revenues from Equities and FICC markets, as well as improved returns from private banking and lending, spurred by enhanced loan growth and elevated management fees. The observation that 2025 investment banking revenue projections significantly exceed the consensus reinforces confidence in projections that anticipate industry volumes to outpace the consensus.
The bank's third-quarter earnings surpassed expectations, with the majority of its major revenue streams outperforming the consensus, an analyst reported.
Following the release of third-quarter earnings, an observation has been made that Goldman Sachs recorded a notable $8.40 in earnings per share, surpassing both the anticipated $6.42 and the consensus of $6.89. After accounting for some minor special items, primarily associated with the wind-down charge of the GM Card business, the core operating EPS could arguably stand at $9.02. This adjustment suggests a core return on tangible common equity (ROTCE) of 11.7% for the quarter, which is considered quite robust, especially in light of the current assessment of the investment banking sector which is perceived to be somewhat subdued.
The company's third-quarter earnings surpassed expectations, with the potential to enhance its Return on Tangible Common Equity to the mid-teens from an estimated core of 12%. Strong capital markets and better margins have contributed to the firm's performance exceeding consensus estimates for the third quarter.
Here are the latest investment ratings and price targets for $Goldman Sachs (GS.US)$ from 9 analysts:
Note:
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