Barclays analyst Jason Goldberg maintains $Goldman Sachs (GS.US)$ with a buy rating, and adjusts the target price from $588 to $713.
According to TipRanks data, the analyst has a success rate of 63.5% and a total average return of 13.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Goldman Sachs (GS.US)$'s main analysts recently are as follows:
The analysis is positive on bank stocks leading up to 2025, with expectations for accelerated earnings growth driven by enhanced loan growth, increased capital markets activities, the return of positive operating leverage, and continued share buybacks. The anticipation is for price-to-earnings multiples to expand based on a stable economic environment, diminished regulatory pressures, improved returns, and ongoing mergers and acquisitions. It's expected that large-cap banks will surpass market performance into 2025 as their earnings growth momentum picks up.
For the banking sector, the trajectory into 2025 appears stable, with only slight adjustments made to earnings models and predictions. Looking ahead to 2028, it's expected that banks will strive to maximize growth while maintaining a return on tangible common equity within the low-to-mid-teens range. There is a noted skepticism regarding any significant reduction in regulatory and capital constraints. The valuation of these institutions is deemed reasonable, and there are still favorable opportunities identified within the sector.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
