The Goldman Sachs Group (NYSE:GS) Upgraded to “Buy” at Freedom Broker

The Goldman Sachs Group (NYSE:GS) was upgraded by research analysts at Freedom Broker from a “hold” rating to a “buy” rating in a report issued on Friday, Benzinga reports. The firm presently has a $1,100.00 price target on the investment management company’s stock, down from their previous price target of $1,200.00. Freedom Broker‘s price target would indicate a potential upside of 25.56% from the company’s current price.

Several other analysts have also recently commented on the stock. Royal Bank Of Canada dropped their target price on shares of The Goldman Sachs Group from $1,220.00 to $1,010.00 and set a “sector perform” rating for the company in a research report on Wednesday, October 14th. BMO Capital Markets reduced their price target on The Goldman Sachs Group from $970.00 to $950.00 and set a “market perform” rating on the stock in a research report on Monday. Zacks Research cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 18th. Citigroup reaffirmed a “market perform” rating on shares of The Goldman Sachs Group in a research note on Wednesday, October 14th. Finally, Wells Fargo & Company dropped their price objective on The Goldman Sachs Group from $1,325.00 to $1,175.00 and set an “overweight” rating for the company in a report on Friday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Hold” and a consensus price target of $1,052.48.

The Goldman Sachs Group Price Performance

Shares of The Goldman Sachs Group stock traded down $15.23 during trading on Friday, reaching $876.07. The company’s stock had a trading volume of 1,781,038 shares, compared to its average volume of 2,222,027. The stock has a 50-day moving average price of $962.95 and a two-hundred day moving average price of $991.46. The company has a current ratio of 1.10, a quick ratio of 0.63 and a debt-to-equity ratio of 2.82. The Goldman Sachs Group has a one year low of $754.00 and a one year high of $1,153.99. The stock has a market capitalization of $255.08 billion, a P/E ratio of 12.60, a price-to-earnings-growth ratio of 0.85 and a beta of 1.29.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, October 13th. The investment management company reported $17.01 EPS for the quarter, topping analysts’ consensus estimates of $12.86 by $4.15. The Goldman Sachs Group had a net margin of 15.77% and a return on equity of 19.55%. The firm had revenue of $18.68 billion for the quarter, compared to analyst estimates of $16.83 billion. During the same quarter in the prior year, the firm earned $12.25 EPS. The company’s revenue was up 23.0% on a year-over-year basis. As a group, sell-side analysts anticipate that The Goldman Sachs Group will post 70.89 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Strive Financial Group LLC grew its position in shares of The Goldman Sachs Group by 316.7% in the second quarter. Strive Financial Group LLC now owns 25 shares of the investment management company’s stock valued at $25,000 after purchasing an additional 19 shares during the last quarter. BOK Financial Private Wealth Inc. lifted its holdings in The Goldman Sachs Group by 188.9% during the 2nd quarter. BOK Financial Private Wealth Inc. now owns 26 shares of the investment management company’s stock worth $26,000 after purchasing an additional 17 shares during the last quarter. Turim 21 Investimentos Ltda. acquired a new stake in The Goldman Sachs Group during the 1st quarter worth approximately $25,000. Cherry Tree Wealth Management LLC lifted its holdings in The Goldman Sachs Group by 100.0% during the 3rd quarter. Cherry Tree Wealth Management LLC now owns 30 shares of the investment management company’s stock worth $27,000 after purchasing an additional 15 shares during the last quarter. Finally, Clearstead Trust LLC bought a new stake in The Goldman Sachs Group in the 2nd quarter valued at $33,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

More The Goldman Sachs Group News

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

• Positive Sentiment: Goldman Sachs reported exceptionally strong third-quarter results, with earnings of $17.01 per share and revenue of $18.68 billion, both well above analyst expectations. Equities revenue surged 72% year over year to $6.44 billion, supported by record financing activity, derivatives and strong client demand. Goldman’s Equities Revenues Jump 72% Year over Year in Q3
• Positive Sentiment: Freedom Broker upgraded GS to Buy, while Zacks also raised its rating to a Buy based on improving earnings expectations. These actions reinforce the view that Goldman’s trading and investment-banking momentum could continue. Buy Goldman Sachs Stock, Says Freedom Broker
• Neutral Sentiment: CEO David Solomon outlined an accountability-based framework for artificial-intelligence oversight and said Goldman is prioritizing practical AI applications over frontier models. The initiative may support long-term efficiency and risk management, but its near-term financial impact is unclear. Goldman Sachs CEO Says Individuals Must Be Held Accountable for AI Failures
• Negative Sentiment: Goldman Sachs data shows hedge funds are holding unusually large short positions in global equities. Although this could create squeeze potential, it also signals elevated risk aversion and may contribute to volatility in financial stocks, including GS. Hedge Funds Are Shorting Stocks at Near-Record Levels
• Negative Sentiment: Goldman’s warning about weakening housing conditions and the possibility that AI-driven job displacement could accelerate during a recession adds to concerns about the economic backdrop for dealmaking, lending and asset management.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc is a global financial services company that provides investment banking, securities, asset management and wealth management services to corporations, financial institutions, governments and individual investors. Its investment banking activities include advising on mergers and acquisitions, public and private offerings, restructurings and other strategic transactions.

Through its global markets businesses, Goldman Sachs helps clients buy and sell securities and other financial instruments and provides financing, risk management and market-making services.