'New Playbook' on Wall Street Powers Goldman Sachs Price Boost, Says Analyst

MarketWatch07:18 ET

Daiwa Raises Price Target on Goldman Sachs to $650 From $545

MT Newswires06:39 ET · Ratings

Citi Maintains Goldman Sachs(GS.US) With Hold Rating, Raises Target Price to $585

Moomoo News06:31 ET · Ratings

Citigroup Raises Price Target on Goldman Sachs to $585 From $485

MT Newswires06:28 ET · Ratings

Express News | Goldman Sachs : Citigroup Raises Target Price to $585 From $485

Reuters06:27 ET

Goldman Sachs: Maintains a "buy" rating on Tongchengtravel, with the target price raised to 27 Hong Kong dollars.

Goldman Sachs released a research report stating that it maintains a "buy" rating for Tongcheng Travel (00780), believing that there is still room for further increase in its profit margin. It is forecasted that the overall EBIT margin of Tongcheng in 2025 and 2026 could increase to 18% and 18.7%, respectively. The target price has been raised from 23.6 Hong Kong dollars to 27 Hong Kong dollars. The report mentioned that Tongcheng Travel's net income growth rate increased from 11% in the first half of the year to 47% in the third quarter, recording 0.91 billion Chinese yuan, exceeding Goldman Sachs and market expectations by 9% and 10%, respectively. Strong revenue growth during the period. Goldman Sachs points out that Tongcheng focuses on improving ROI rather than just pursuing income growth, with the goal of enhancing.

Sina Hong Kong Stocks02:55 ET