Wells Fargo & Company Boosts The Goldman Sachs Group (NYSE:GS) Price Target to $970.00

The Goldman Sachs Group (NYSE:GS) had its target price upped by analysts at Wells Fargo & Company from $855.00 to $970.00 in a report released on Monday,MarketScreener reports. The firm currently has an “overweight” rating on the investment management company’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 1.57% from the stock’s previous close.

A number of other brokerages have also recently weighed in on GS. Evercore ISI lifted their price target on shares of The Goldman Sachs Group from $752.00 to $830.00 and gave the company an “outperform” rating in a research report on Tuesday, September 30th. HSBC increased their price objective on shares of The Goldman Sachs Group from $652.00 to $677.00 in a research report on Thursday, October 2nd. Royal Bank Of Canada boosted their target price on The Goldman Sachs Group from $843.00 to $900.00 and gave the company a “sector perform” rating in a research report on Friday, December 12th. Morgan Stanley decreased their price target on The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 15th. Finally, Barclays lifted their price objective on The Goldman Sachs Group from $850.00 to $1,048.00 and gave the company an “overweight” rating in a research note on Monday. Five investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $852.28.

The Goldman Sachs Group Trading Up 0.7%

Shares of The Goldman Sachs Group stock opened at $955.05 on Monday. The firm has a market capitalization of $286.45 billion, a price-to-earnings ratio of 19.40, a PEG ratio of 1.11 and a beta of 1.33. The Goldman Sachs Group has a fifty-two week low of $439.38 and a fifty-two week high of $961.69. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a 50 day moving average of $843.27 and a 200 day moving average of $778.94.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings results on Tuesday, October 14th. The investment management company reported $12.25 EPS for the quarter, beating the consensus estimate of $10.27 by $1.98. The business had revenue of $15.18 billion for the quarter, compared to analyst estimates of $13.68 billion. The Goldman Sachs Group had a return on equity of 15.29% and a net margin of 13.18%.The company’s quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $8.40 EPS. As a group, research analysts predict that The Goldman Sachs Group will post 47.12 earnings per share for the current year.

Hedge Funds Weigh In On The Goldman Sachs Group

Several hedge funds and other institutional investors have recently made changes to their positions in GS. Dogwood Wealth Management LLC lifted its stake in The Goldman Sachs Group by 1,800.0% in the second quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock worth $26,000 after acquiring an additional 36 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of The Goldman Sachs Group in the 3rd quarter valued at $26,000. First PREMIER Bank purchased a new stake in shares of The Goldman Sachs Group during the 3rd quarter worth $28,000. Corundum Trust Company INC purchased a new stake in shares of The Goldman Sachs Group during the 3rd quarter worth $29,000. Finally, Clearstead Trust LLC acquired a new position in shares of The Goldman Sachs Group during the second quarter worth $31,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Key Stories Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman topped global M&A league tables in 2025 with $1.48 trillion of deals, underlining its deal pipeline and franchise strength that support advisory revenue and fees. Goldman Sachs tops global M&A rankings with $1.48 trillion in deals
• Positive Sentiment: Jefferies raised its GS price target sharply to $1,087 and kept a Buy rating — a bullish analyst signal that likely helped push the stock higher. Jefferies adjusts price target on Goldman Sachs
• Positive Sentiment: Barclays and Wells Fargo also lifted targets (Barclays to $1,048 reported; Wells Fargo to $970 with an Overweight), reinforcing buy-side momentum and supporting higher valuation multiples. Goldman Sachs price target raised to $1,048 from $850 at Barclays
• Positive Sentiment: BMO raised its target to $980 (Market Perform) — another vote of confidence that provides incremental support for the share price. BMO raises target on Goldman Sachs
• Neutral Sentiment: Daiwa raised its target to $927 but kept a Neutral rating (target is slightly below current levels), which tempers upside expectations for some investors. Daiwa adjusts price target on Goldman Sachs
• Neutral Sentiment: Goldman’s research and thematic calls (crypto regulatory clarity promoting institutional adoption; macro views such as a bullish S&P 500 call) keep the firm visible and can drive trading and research-led client flows, but these are indirect drivers of revenue. Goldman Sachs Says Crypto Rules Will Promote Institutional Adoption
• Neutral Sentiment: Goldman research and analyst activity around other companies (e.g., TSMC, Coinbase, Wealthfront coverage) demonstrates the firm’s influence on markets but impacts GS earnings indirectly through trading and investment banking pipelines. Coinbase stock jumps on Goldman Sachs upgrade

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.