Nvidia and TSMC to unveil first domestic wafer for Blackwell chips, Axios reports
Investing.com - Morgan Stanley has reduced its price target on Goldman Sachs (NYSE:GS) stock to $828.00 from $854.00, while maintaining an Equalweight rating on the investment banking giant. The target sits within the current analyst range of $625-$892, with Goldman’s stock trading at $770.76 after posting an impressive 53% gain over the past six months.
The price target adjustment reflects Morgan Stanley’s lowered earnings per share (EPS) expectations for Goldman Sachs, with 2026 EPS reduced by 3% to $53.82 and 2027 EPS also cut by 3% to $63.72.
The revised forecast stems from several factors including higher share count, increased non-compensation and compensation expenses, and lower equities trading revenues at Goldman Sachs.
These negative factors were partially offset by projected higher revenues in Asset & Wealth Management, Fixed Income, Currency and Commodities (FICC), Platform Solutions, and investment banking divisions.
Morgan Stanley’s new $828 price target applies a 13x target price-to-earnings multiple against the firm’s slightly lower 2027 EPS projection, with the target multiple remaining unchanged from its previous analysis.
In other recent news, Goldman Sachs reported impressive financial results for the third quarter of 2025. The company achieved earnings per share of $12.25, surpassing analysts’ expectations, which included a forecast of $11.02 and Citizens’ estimate of $11.95. Goldman Sachs also reported net revenues of $15.2 billion, exceeding 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 stock to $898, maintaining a Buy rating. Additionally, Citizens reiterated a Market Perform rating on the stock. These developments reflect a positive outlook for the company from analysts, driven by strategic initiatives and market positioning.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.