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

The Goldman Sachs Group (NYSE:GS) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday, Wall Street Zen reports.

A number of other brokerages also recently commented on GS. Keefe, Bruyette & Woods increased their price objective on The Goldman Sachs Group from $1,050.00 to $1,130.00 and gave the company a “market perform” rating in a research report on Wednesday, July 15th. Citigroup boosted their target price on The Goldman Sachs Group from $1,100.00 to $1,200.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. JPMorgan Chase & Co. upped their target price on The Goldman Sachs Group from $900.00 to $955.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Zacks Research upgraded The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Finally, HSBC raised The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,062.86.

The Goldman Sachs Group Stock Down 0.1%

Shares of The Goldman Sachs Group stock opened at $1,038.01 on Friday. The stock 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 has a twelve month low of $727.15 and a twelve month high of $1,153.99. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 3.17. The business’s 50 day simple moving average is $1,043.76 and its 200-day simple moving average is $972.24.

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

Institutional Investors Weigh In On The Goldman Sachs Group

A number of institutional investors have recently bought and sold shares of GS. Parkside Financial Bank & Trust grew its stake in The Goldman Sachs Group by 1.0% during the 2nd 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 in the last quarter. Range Advisory LLC increased its holdings in shares of 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 purchasing an additional 289 shares during the period. Brown Lisle Cummings Inc. lifted its position in shares of The Goldman Sachs Group by 7.4% in the second quarter. Brown Lisle Cummings Inc. now owns 276 shares of the investment management company’s stock worth $280,000 after purchasing an additional 19 shares in the last quarter. Cornerstone Financial Management LLC lifted its position in shares of The Goldman Sachs Group by 45.2% in the second quarter. Cornerstone Financial Management LLC now owns 61 shares of the investment management company’s stock worth $62,000 after purchasing an additional 19 shares in the last quarter. Finally, Formuepleje A S acquired a new stake in shares of The Goldman Sachs Group during the second quarter worth approximately $27,880,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group News Roundup

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

About The Goldman Sachs Group

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.