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Investing.com - Keefe, Bruyette & Woods raised its price target on Goldman Sachs (NYSE:GS) to $870 from $850 while maintaining a Market Perform rating on the stock.
The research firm cited a favorable revenue environment for Goldman Sachs, which delivered what KBW described as a "solid revenue beat" despite shares pulling back 2% due to what the firm characterized as "technical factors" rather than fundamental changes.
KBW increased its 2025 earnings estimates by 4% and its 2026/2027 estimates by 2% each, reflecting a stronger revenue outlook for the investment bank. The firm maintained its Market Perform rating, citing a "balanced risk/reward" profile.
Goldman Sachs announced the launch of "One Goldman Sachs 3.0," a more centralized operating model designed to enhance efficiencies and improve overall profitability, with the goal of driving higher and more predictable returns.
KBW noted that Goldman’s near-term fundamental outlook remains strong with elevated M&A volumes, increased CEO confidence, and high client engagement, while greater regulatory clarity provides a medium-term catalyst for normalizing capital levels and improving return on tangible common equity.
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 (EPS) of $12.25, exceeding the consensus forecast of $11.04, and reported net revenues of $15.2 billion, outperforming the projected $14.13 billion. This strong performance resulted in a return on equity of approximately 14.2% for the quarter. Following these results, Jefferies raised its price target for Goldman Sachs to $898, maintaining a Buy rating, due to a positive outlook on capital markets and a slight increase in their 2026 EPS estimate to $54.45.
Meanwhile, Morgan Stanley adjusted its price target to $828, citing reduced EPS expectations for 2026 and 2027. Despite these mixed analyst opinions, Citizens reiterated its Market Perform rating after the bank’s earnings exceeded their estimate of $11.95 per share. These developments reflect varied analyst perspectives on Goldman Sachs’ future performance, with adjustments based on recent earnings results and market conditions.
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