SoFi stock falls after announcing $1.5B public offering of common stock
Investing.com - Jefferies raised its price target on Goldman Sachs (NYSE:GS) stock to $898.00 from $892.00 on Wednesday, while maintaining a Buy rating following the bank’s third-quarter 2025 results. The financial giant, currently valued at $244 billion, is trading near InvestingPro’s Fair Value estimate with a P/E ratio of 15.8x.
The price target increase reflects Jefferies’ updated earnings per share estimate for fiscal year 2026, which was raised approximately 1% from $54.05 to $54.45.
Jefferies noted that Goldman Sachs’ investment banking backlogs are at their highest levels in three years, with sponsor activity tracking 40% higher year-over-year, creating a constructive capital markets environment.
Trading momentum, particularly in financing, appears sustainable according to the research firm’s analysis of Goldman’s recent performance.
The firm also highlighted that Goldman Sachs’ third-party alternatives fundraising continues to exceed prior goals, contributing to the positive outlook.
In other recent news, Goldman Sachs reported impressive financial results for the third quarter of 2025, surpassing analysts’ expectations. The company achieved earnings per share of $12.25, exceeding both the Citizens estimate of $11.95 and the consensus forecast of $11.04. Additionally, Goldman Sachs reported net revenues of $15.2 billion, which outperformed the projected $14.13 billion, showcasing a robust quarter. The strong financial performance resulted in a return on equity of approximately 14.2% for the quarter. Despite these positive results, the stock experienced a pre-market decline of 2.39%. In response to the earnings report, a Citizens analyst reiterated a Market Perform rating for Goldman Sachs. These developments highlight the company’s strategic initiatives and market positioning.
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