Citigroup Cuts The Goldman Sachs Group (NYSE:GS) Price Target to $1,050.00

Key Points

• Citigroup lowered Goldman Sachs’ price target from $1,200 to $1,050 while maintaining a “neutral” rating, implying about 11.7% upside from the reported share price.
• Analyst sentiment remains mixed but leans cautious: MarketBeat reports an average rating of “Hold” and an average target price of $1,055.71, with shares trading at $940.30 after falling $9.19.
• Goldman recently exceeded quarterly expectations, reporting $20.98 in earnings per share versus the $14.47 consensus and revenue of $20.34 billion, up 39.4% year over year.

The Goldman Sachs Group (NYSE:GS - Get Free Report) had its price target dropped by analysts at Citigroup from $1,200.00 to $1,050.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a "neutral" rating on the investment management company's stock. Citigroup's price target points to a potential upside of 11.67% from the company's current price.

GS has been the topic of several other research reports. BMO Capital Markets raised their price target on shares of The Goldman Sachs Group from $1,070.00 to $1,190.00 and gave the company a "market perform" rating in a research note on Wednesday, July 15th. Zacks Research cut The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 18th. Jefferies Financial Group set a $1,299.00 target price on shares of The Goldman Sachs Group in a report on Wednesday, July 15th. Barclays boosted their price objective on The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the stock an "overweight" rating in a report on Wednesday, July 15th. Finally, UBS Group upped their price target on shares of The Goldman Sachs Group from $1,120.00 to $1,150.00 and gave the company a "neutral" rating in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $1,055.71.

The Goldman Sachs Group Stock Performance

Shares of GS traded down $9.19 during midday trading on Wednesday, hitting $940.30. 722,044 shares of the stock traded hands, compared to its average volume of 2,205,107. The business's 50 day moving average price is $1,030.43 and its two-hundred day moving average price is $979.81. The firm has a market capitalization of $273.79 billion, a PE ratio of 14.50, a price-to-earnings-growth ratio of 0.98 and a beta of 1.29. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.63 and a current ratio of 0.63. The Goldman Sachs Group has a 1-year low of $740.01 and a 1-year high of $1,153.99.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings data on Tuesday, July 14th. The investment management company reported $20.98 earnings per share for the quarter, topping analysts' consensus estimates of $14.47 by $6.51. The business had revenue of $20.34 billion for the quarter, compared to analysts' expectations of $16.22 billion. The Goldman Sachs Group had a net margin of 15.53% and a return on equity of 19.16%. The company's revenue for the quarter was up 39.4% compared to the same quarter last year. During the same quarter last year, the company earned $10.91 EPS. Equities research analysts predict that The Goldman Sachs Group will post 68.39 EPS for the current fiscal year.

Institutional Investors Weigh In On The Goldman Sachs Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Strive Financial Group LLC increased its holdings in shares of The Goldman Sachs Group by 316.7% in the 2nd quarter. Strive Financial Group LLC now owns 25 shares of the investment management company's stock worth $25,000 after purchasing an additional 19 shares in the last quarter. BOK Financial Private Wealth Inc. lifted its holdings in shares of The Goldman Sachs Group by 188.9% during the second quarter. BOK Financial Private Wealth Inc. now owns 26 shares of the investment management company's stock valued at $26,000 after purchasing an additional 17 shares in the last quarter. Turim 21 Investimentos Ltda. bought a new position in shares of The Goldman Sachs Group during the first quarter valued at $25,000. Steph & Co. purchased a new stake in shares of The Goldman Sachs Group during the first quarter valued at $27,000. Finally, Lifetime Wealth Management P.C. purchased a new stake in shares of The Goldman Sachs Group during the fourth quarter valued at $29,000. Hedge funds and other institutional investors own 71.21% of the company's stock.

Key The Goldman Sachs Group News

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

• Positive Sentiment: Goldman is reportedly the leading bidder for Palmer Square, which would add scale to its credit-management business and support the firm’s broader effort to build a nearly $70 billion 2026 revenue base. Goldman in Talks to Buy $37 Billion Credit Firm Palmer Square
• Positive Sentiment: Goldman committed $400 million to cybersecurity company Cyera, giving the bank exposure to growing demand for security tools supporting artificial-intelligence agents and enterprise data access. Cyera Announces $400 Million Investment from Goldman Sachs
• Positive Sentiment: Goldman continues to benefit from strong investment-banking and cross-border capital-markets activity, including Chinese technology fundraising, although related compliance risks remain. Goldman and Morgan Stanley Ride China Tech Boom
• Neutral Sentiment: The appointment of Simon Lyons as co-head of U.K. investment banking strengthens Goldman’s senior coverage team, but the personnel change is unlikely to materially alter near-term earnings. Goldman Appoints Simon Lyons UK Investment Banking Co-Head
• Neutral Sentiment: Goldman’s strategists remain constructive on S&P 500 earnings and the broader market, which could support trading and investment-banking activity but does not directly change Goldman’s fundamentals. Goldman Sachs and Deutsche Bank Say the S&P 500 Rally Is Not Over
• Negative Sentiment: The Palmer Square report appears to be the main near-term pressure point: investors may be concerned that a sizable acquisition would increase balance-sheet demands and expose Goldman to credit-market and integration risks before any benefits are realized. Market Chatter: Goldman Sachs Leading Bidder to Acquire Palmer Square

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc NYSE: GS is a global financial services company that provides investment banking, securities, asset management and wealth management services to corporations, financial institutions, governments and individuals. The company is headquartered in New York City and serves clients across North America, Europe, Asia-Pacific and other international markets.

Through its Global Banking & Markets segment, Goldman Sachs advises clients on mergers and acquisitions, capital raising, restructuring and other strategic transactions.

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