Goldman Sachs Group

GS · NYSE

$884.81+$9.03 (+1.03%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $875.78

GS analyst rating

HoldConsensus of 19 analysts over the last 12 months. 32% rate it a buy.

Strong buy0
Buy6
Hold12
Underperform1
Sell0

12-month price target · 23 analysts

Average $1,178.16 (+33.2% upside)

Low: $989.80
Now: $884.81
High: $1,365.00

Upgrades and downgrades

The latest rating actions, newest first

GS analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
BMO Capital	Oct 19, 2026	Maintains	Market Perform	$970.00 → $950.00	56%
JP Morgan	Oct 16, 2026	Maintains	Neutral	$955.00 → $970.00	79%
Citigroup	Oct 14, 2026	Maintains	Neutral	$1,050.00 → $1,000.00	40%
Keefe, Bruyette & Woods	Oct 14, 2026	Maintains	Market Perform	$1,130.00 → $1,100.00	29%
RBC Capital	Oct 14, 2026	Maintains	Sector Perform	$1,220.00 → $1,010.00	67%
TD Cowen	Oct 8, 2026	Initiates	Buy	$1,050.00	50%
BMO Capital	Oct 6, 2026	Maintains	Market Perform	$972.00 → $970.00	56%
UBS	Oct 5, 2026	Maintains	Neutral	$1,150.00 → $1,010.00	50%
Evercore ISI Group	Oct 1, 2026	Maintains	Outperform	$1,210.00 → $1,000.00	62%
HSBC	Sep 28, 2026	Maintains	Hold	$995.00 → $1,007.00	0%

The case for and against

Updated Oct 16, 2026

Bull case

Goldman Sachs Group is supported by a powerful mix of record-scale trading, advisory, and fee-based businesses, with 3Q26 net revenues of $18.68 billion and EPS of $17.01, or $18.01 on a core basis after excluding the $450 million charitable contribution. Its Global Banking & Markets franchise remains the core earnings engine, while Asset & Wealth Management adds more predictable revenue streams, posting $5.05 billion of net revenues, record management and other fees of $3.59 billion, and $4.10 trillion of assets under supervision. The firm’s 18.7% annualized ROE, 20.5% ROTE, strong capital returns, and continued reduction in lower-quality consumer and historical principal investment exposure underpin confidence in durable profitability and shareholder value creation.

Bear case

Goldman Sachs Group is facing a weaker fundamental backdrop as several core revenue engines deteriorated sequentially, with Equities net revenues down 13% to $6.44 billion, GBM net revenues down 13% to $13.46 billion, and FICC net revenues down 24% to $3.47 billion. The sharp collapse in Investments net revenues to $50 million from $441 million and the 72% drop in Platform Solutions net revenues to $170 million, driven by Apple Card markdowns, highlight earnings volatility and lingering legacy balance-sheet risk. Meanwhile, operating expenses rose 5.8% to $11.31 billion and 30% year over year, so even with TBV per share up 1.4% to $341.43, margin pressure and macro, regulatory, and geopolitical risks leave the outlook negative.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.