The Goldman Sachs Group (NYSE:GS) Rating Increased to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded Goldman Sachs from “hold” to “buy.” The stock has a consensus “Moderate Buy” rating from analysts, with an average price target of $1,062.86.
• Goldman Sachs reported strong quarterly results, including $20.98 in EPS and $20.34 billion in revenue, exceeding expectations; revenue rose 39.4% year over year.
• Institutional investors remain heavily invested, owning 71.21% of the company’s shares, while recent news points to potential growth from an Anthropic IPO role, stablecoin initiatives and wealth-management expansion.

The Goldman Sachs Group (NYSE:GS - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Saturday, Wall Street Zen reports.

Several other analysts also recently issued reports on GS. Evercore reaffirmed an "outperform" rating on shares of The Goldman Sachs Group in a report on Monday, July 6th. Keefe, Bruyette & Woods boosted their target price on shares of The Goldman Sachs Group from $1,050.00 to $1,130.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 15th. HSBC upgraded shares of The Goldman Sachs Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 5th. UBS Group lifted their price objective on The Goldman Sachs Group from $1,120.00 to $1,150.00 and gave the stock a "neutral" rating in a research note on Monday, August 3rd. Finally, Wells Fargo & Company boosted their price objective on The Goldman Sachs Group from $1,195.00 to $1,325.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,062.86.

The Goldman Sachs Group Stock Up 0.0%

Shares of GS stock opened at $1,038.01 on Friday. The stock's 50 day simple moving average is $1,043.76 and its 200 day simple moving average is $971.77. The Goldman Sachs Group has a twelve month low of $727.15 and a twelve month high of $1,153.99. 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 company has a market capitalization of $302.24 billion, a price-to-earnings ratio of 16.02, a PEG ratio of 1.05 and a beta of 1.29.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its earnings results on Tuesday, July 14th. The investment management company reported $20.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $14.47 by $6.51. The Goldman Sachs Group had a return on equity of 19.16% and a net margin of 15.53%.The firm had revenue of $20.34 billion during the quarter, compared to analysts' expectations of $16.22 billion. During the same quarter in the prior year, the business earned $10.91 earnings per share. The company's revenue was up 39.4% on a year-over-year basis. As a group, research analysts predict that The Goldman Sachs Group will post 68.89 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Parkside Financial Bank & Trust increased its stake in The Goldman Sachs Group by 1.0% during the second quarter. Parkside Financial Bank & Trust now owns 2,389 shares of the investment management company's stock valued at $2,416,000 after acquiring an additional 23 shares during the period. Range Advisory LLC raised its holdings in The Goldman Sachs Group by 36.9% in the 2nd quarter. Range Advisory LLC now owns 1,073 shares of the investment management company's stock valued at $1,085,000 after acquiring an additional 289 shares in the last quarter. Brown Lisle Cummings Inc. lifted its position in shares of The Goldman Sachs Group by 7.4% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 276 shares of the investment management company's stock worth $280,000 after acquiring an additional 19 shares during the period. Cornerstone Financial Management LLC increased its position in shares of The Goldman Sachs Group by 45.2% during the second quarter. Cornerstone Financial Management LLC now owns 61 shares of the investment management company's stock valued at $62,000 after purchasing an additional 19 shares during the period. Finally, Formuepleje A S bought a new stake in shares of The Goldman Sachs Group during the second quarter valued at approximately $27,880,000. Institutional investors and hedge funds own 71.21% of the company's stock.

The Goldman Sachs Group News Summary

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

• Positive Sentiment: Goldman Sachs is reportedly close to securing prominent roles in Anthropic’s potential blockbuster IPO, possibly valued near $2 trillion. Winning lead-advisor or underwriting mandates would generate fees and strengthen Goldman’s position in the rapidly expanding AI capital-markets business. Anthropic close to awarding Morgan Stanley and Goldman Sachs top roles in $2tn IPO
• Positive Sentiment: Reports that New York Knicks players and other professional athletes use Goldman’s wealth-management services highlight continued growth in its high-net-worth client franchise. The business could benefit from recurring advisory, investment-management and lending revenue as athlete wealth rises. Knicks Stars Stash Wealth With Goldman and Ex-Villanova Teammate
• Positive Sentiment: Goldman is among 21 financial institutions planning a regulated, U.S.-dollar-backed stablecoin targeted for launch in 2027. Institutional settlement and cross-border payment use cases could create longer-term transaction and infrastructure opportunities, although commercial benefits remain several years away. Goldman Sachs Targets 2027 Launch For A USD Stablecoin
• Neutral Sentiment: Goldman strategists say investors should expect more modest bond-market returns over the next 12 months. Higher yields can support trading activity and net interest income, but may also pressure asset valuations, financing demand and the investment-banking pipeline. Goldman Sachs sends strong warning to bond investors
• Negative Sentiment: Goldman warns that falling AI prices and intensifying competition could lead to compute-infrastructure oversupply. That raises risks for AI-related investments and could temper enthusiasm across technology markets, potentially affecting deal activity and investor risk appetite. Goldman Sachs Warns AI Stock Investors of New Risk
• Neutral Sentiment: Goldman’s planned Dallas campus is described as a long-term growth investment aimed at expanding talent and regional operations. The initiative supports the firm’s broader diversification but is unlikely to materially change near-term earnings. Goldman Sachs executive discusses Dallas campus

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs' core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source