BMO Capital Markets Issues Pessimistic Forecast for The Goldman Sachs Group (NYSE:GS) Stock Price

Key Points

• BMO Capital Markets lowered Goldman Sachs’ price target to $950 from $970 while maintaining a “market perform” rating, implying 8.43% upside from the stock’s current price.
• Analyst sentiment remains cautious: Goldman has a consensus “Hold” rating and an average price target of $1,050.32, with most analysts recommending Hold despite several higher targets.
• GS recently traded at $876.17, below its 50- and 200-day moving averages, although quarterly results exceeded expectations with $17.01 in earnings per share and $18.68 billion in revenue.

The Goldman Sachs Group (NYSE:GS - Get Free Report) had its price objective dropped by equities researchers at BMO Capital Markets from $970.00 to $950.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has a "market perform" rating on the investment management company's stock. BMO Capital Markets' price objective indicates a potential upside of 8.43% from the stock's current price.

Other analysts also recently issued reports about the stock. JPMorgan Chase & Co. boosted their target price on shares of The Goldman Sachs Group from $955.00 to $970.00 and gave the stock a "neutral" rating in a report on Friday. Morgan Stanley set a $1,145.00 price objective on The Goldman Sachs Group in a research note on Wednesday, July 15th. Royal Bank Of Canada decreased their target price on The Goldman Sachs Group from $1,220.00 to $1,010.00 and set a "sector perform" rating on the stock in a report on Wednesday, October 14th. Jefferies Financial Group set a $1,299.00 target price on The Goldman Sachs Group in a research report on Wednesday, July 15th. Finally, Keefe, Bruyette & Woods decreased their price target on The Goldman Sachs Group from $1,130.00 to $1,100.00 and set a "market perform" rating for the company in a research report on Wednesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group has a consensus rating of "Hold" and a consensus price target of $1,050.32.

The Goldman Sachs Group Stock Performance

GS traded down $5.09 during trading hours on Monday, hitting $876.17. 1,130,686 shares of the stock were exchanged, compared to its average volume of 2,216,984. The stock has a 50-day simple moving average of $974.71 and a 200-day simple moving average of $990.62. The Goldman Sachs Group has a 12 month low of $743.11 and a 12 month high of $1,153.99. The stock has a market cap of $255.12 billion, a price-to-earnings ratio of 12.60, a price-to-earnings-growth ratio of 0.85 and a beta of 1.29. The company has a debt-to-equity ratio of 2.82, a current ratio of 1.10 and a quick ratio of 0.63.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings results on Tuesday, October 13th. The investment management company reported $17.01 earnings per share for the quarter, topping analysts' consensus estimates of $12.86 by $4.15. The business had revenue of $18.68 billion for the quarter, compared to analysts' expectations of $16.83 billion. The Goldman Sachs Group had a return on equity of 19.55% and a net margin of 15.77%. The business's quarterly revenue was up 23.0% on a year-over-year basis. During the same period in the prior year, the firm earned $12.25 EPS. Analysts anticipate that The Goldman Sachs Group will post 69.57 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in GS. Orange County Employees Retirement System acquired a new stake in shares of The Goldman Sachs Group during the 2nd quarter valued at $69,537,544,000. BlackRock Inc. purchased a new position in The Goldman Sachs Group in the second quarter valued at about $24,172,123,000. Bank of America Corp DE purchased a new position in The Goldman Sachs Group in the second quarter valued at about $6,756,772,000. Bank of New York Mellon Corp acquired a new position in The Goldman Sachs Group in the 2nd quarter worth about $2,560,028,000. Finally, International Assets Investment Management LLC acquired a new position in The Goldman Sachs Group in the 1st quarter worth about $2,024,921,000. Institutional investors and hedge funds own 71.21% of the company's stock.

Key Headlines Impacting The Goldman Sachs Group

Here are the key news stories impacting The Goldman Sachs Group this week:

• Positive Sentiment: Goldman Sachs upgraded AI infrastructure provider CoreWeave to Buy from Neutral. Although the bank reduced its price target to $106 from $139, the upgrade signals confidence that project financing will remain available despite elevated borrowing costs and could support Goldman’s research reputation and client activity. CoreWeave Stock Gets a Goldman Upgrade Even as the Target Falls to $106 From $139
• Positive Sentiment: Dangote Cement appointed Goldman Sachs and UBS for a planned $1 billion London listing. The mandate could generate underwriting and advisory fees while reinforcing Goldman’s position in international equity capital markets. Dangote Cement Adds Goldman Sachs and UBS for Planned $1bn London Listing
• Positive Sentiment: Goldman Sachs CEO David Solomon highlighted tokenization of bonds, money-market funds and real estate as a potential new revenue stream. Progress in digital-asset infrastructure could provide longer-term growth opportunities beyond traditional banking. Goldman Sachs CEO Sees Tokenization as Wall Street’s Next Act
• Positive Sentiment: JPMorgan reportedly raised its price target for GS, providing an additional favorable signal from the analyst community. The Goldman Sachs Group Stock Gets Price Target Boost from JPMorgan Chase
• Neutral Sentiment: Goldman recommended several unloved consumer-facing stocks over large technology companies, reflecting a broader market-allocation view rather than a direct change to GS’s earnings outlook. Big Tech Is Wobbling: Goldman Sachs Says It’s Time to Buy These 23 Unloved Stocks Instead
• Negative Sentiment: Goldman’s caution that Micron may lag other memory-chip stocks could weigh modestly on perceptions of its technology-sector outlook, although the commentary has no direct material impact on GS’s financial results. Memory Stocks Rally as Tech Selloff Unwinds

About The Goldman Sachs Group

The Goldman Sachs Group, Inc is a global financial services company that provides investment banking, securities, asset management and wealth management services to corporations, financial institutions, governments and individual investors. Its investment banking activities include advising on mergers and acquisitions, public and private offerings, restructurings and other strategic transactions.

Through its global markets businesses, Goldman Sachs helps clients buy and sell securities and other financial instruments and provides financing, risk management and market-making services.

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