Bank of America Issues Pessimistic Forecast for The Goldman Sachs Group (NYSE:GS) Stock Price

Key Points

• Bank of America cut its price target on The Goldman Sachs Group from $1,100 to $1,050 while keeping a "buy" rating—this target implies about a 17.9% upside, but the Street consensus is a Hold with an average target of $921.86.
• Q1 beat: Goldman reported $17.55 EPS (vs. $15.92 est.) and $17.23B revenue (vs. $16.66B), powered by record equities trading and investment‑banking fees, though FICC weakness, higher expenses and rising credit provisions tempered investor sentiment; the firm also declared a $4.50 quarterly dividend.
• Insider selling and analyst downgrades have weighed on sentiment—CFO Denis Coleman sold 11,623 shares and insiders sold 117,283 shares in the past 90 days (about $112M), while several analysts trimmed price targets.

The Goldman Sachs Group (NYSE:GS - Get Free Report) had its price objective lowered by stock analysts at Bank of America from $1,100.00 to $1,050.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the investment management company's stock. Bank of America's target price would indicate a potential upside of 17.86% from the stock's current price.

Other equities research analysts also recently issued reports about the company. Jefferies Financial Group decreased their target price on The Goldman Sachs Group from $1,125.00 to $1,049.00 and set a "buy" rating on the stock in a research report on Monday, April 6th. UBS Group restated a "neutral" rating and set a $930.00 price objective on shares of The Goldman Sachs Group in a research report on Monday. Zacks Research downgraded The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 16th. HSBC decreased their price objective on The Goldman Sachs Group from $802.00 to $729.00 in a research report on Wednesday, April 1st. Finally, Rothschild & Co Redburn decreased their price objective on The Goldman Sachs Group from $843.00 to $839.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 7th. Eight equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $921.86.

The Goldman Sachs Group Price Performance

Shares of The Goldman Sachs Group stock opened at $890.88 on Tuesday. The stock's 50-day simple moving average is $869.32 and its 200-day simple moving average is $855.18. The Goldman Sachs Group has a 52 week low of $492.69 and a 52 week high of $984.70. The company has a market capitalization of $262.81 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 1.19 and a beta of 1.32. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 2.60.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings data on Monday, April 13th. The investment management company reported $17.55 EPS for the quarter, beating the consensus estimate of $15.92 by $1.63. The business had revenue of $17.23 billion for the quarter, compared to the consensus estimate of $16.66 billion. The Goldman Sachs Group had a return on equity of 15.72% and a net margin of 13.73%.The business's revenue was up 14.4% on a year-over-year basis. During the same period in the previous year, the business earned $14.12 earnings per share. As a group, analysts expect that The Goldman Sachs Group will post 47.12 earnings per share for the current fiscal year.

Insider Transactions at The Goldman Sachs Group

In other news, CFO Denis P. Coleman sold 11,623 shares of the stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $941.57, for a total value of $10,943,868.11. Following the sale, the chief financial officer directly owned 29,342 shares in the company, valued at approximately $27,627,546.94. This represents a 28.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Alex S. Golten sold 1,092 shares of the stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $936.89, for a total value of $1,023,083.88. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 117,283 shares of company stock valued at $112,016,033. Company insiders own 0.55% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GS. Brighton Jones LLC grew its stake in The Goldman Sachs Group by 17.1% in the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company's stock worth $1,989,000 after purchasing an additional 508 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in The Goldman Sachs Group by 7.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company's stock worth $508,000 after purchasing an additional 58 shares in the last quarter. Sivia Capital Partners LLC grew its stake in The Goldman Sachs Group by 90.1% in the second quarter. Sivia Capital Partners LLC now owns 1,551 shares of the investment management company's stock worth $1,098,000 after purchasing an additional 735 shares in the last quarter. Schnieders Capital Management LLC. grew its stake in The Goldman Sachs Group by 9.3% in the second quarter. Schnieders Capital Management LLC. now owns 821 shares of the investment management company's stock worth $581,000 after purchasing an additional 70 shares in the last quarter. Finally, Main Street Financial Solutions LLC grew its stake in The Goldman Sachs Group by 22.2% in the second quarter. Main Street Financial Solutions LLC now owns 2,150 shares of the investment management company's stock worth $1,522,000 after purchasing an additional 391 shares in the last quarter. Institutional investors 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: Q1 beat: GS reported $17.55 EPS and $17.23B revenue with record equities trading and strong investment‑banking fees — the core beats underpin the bullish case for revenue momentum. Goldman Q1 Earnings Beat on Record Equities Revenues, Shares Fall (Revised)
• Positive Sentiment: Capital return / income: Goldman declared a $4.50 quarterly dividend (2.0% yield), which supports income‑seeking investors and signals confidence in cash flow.
• Neutral Sentiment: Strategic positioning: Management reiterated growth plans — targeting $300B in private credit and accelerating cloud/data investments — indicating longer‑term revenue diversification but with near‑term execution costs. Goldman Sachs outlines path to $300B private credit target while accelerating cloud and data investments
• Neutral Sentiment: Macro/research notes: Goldman research flagged a surge in data‑center power demand (AI tailwind) and continues active equity research/coverage moves — helpful for market positioning but indirect for GS share moves. AI Power Boom Is 'Accelerating' As Goldman Sachs Forecasts Data Center's Demand To Surge 220% By 2030
• Negative Sentiment: FICC weakness: Fixed Income, Currencies & Commodities revenue fell ~10% YoY, which offset some of the equities strength and drove investor disappointment despite the headline beat. Goldman Q1 Earnings Beat on Record Equities Revenues, Shares Fall (Revised)
• Negative Sentiment: Higher expenses & credit provisions: Operating expenses rose (transaction‑based costs and comp), and rising provisions for credit losses were flagged — both reduce near‑term margins and worried some investors. Goldman Sachs' Rising Provisions For Credit Losses Are Signaling Stress
• Negative Sentiment: Geopolitical risk: CEO David Solomon warned a prolonged Iran conflict could be a headwind (inflation, oil, dealmaking uncertainty), adding to investor risk aversion. Goldman Sachs' CEO Says Iran Conflict Could Be a 'Headwind' If It Drags On
• Negative Sentiment: Analyst reactions & profit‑taking: Some analysts trimmed GS targets and the stock experienced profit‑taking after an extended run; UBS reaffirmed neutral with a $930 PT, keeping upside views mixed. Analyst Cuts The Goldman Sachs Group (GS) Price Target, Increases Q2 EPS Estimate

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.

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