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

The Goldman Sachs Group (NYSE:GS) was upgraded by stock analysts at Freedom Broker from a “hold” rating to a “buy” rating in a research note issued on Friday, Benzinga reports. The brokerage currently 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 objective would indicate a potential upside of 25.56% from the company’s current price.

Other analysts have also issued research reports about the stock. Oppenheimer lowered shares of The Goldman Sachs Group from a “market perform” rating to an “underperform” rating in a research report on Tuesday, June 30th. BMO Capital Markets lowered their price target on shares of The Goldman Sachs Group from $970.00 to $950.00 and set a “market perform” rating for the company in a report on Monday. Royal Bank Of Canada lowered their price target 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 report on Wednesday, October 14th. Rothschild & Co Redburn increased their price target on The Goldman Sachs Group from $870.00 to $920.00 and gave the company a “neutral” rating in a research note on Thursday, June 25th. Finally, UBS Group cut their price objective on The Goldman Sachs Group from $1,150.00 to $1,010.00 and set a “neutral” rating on the stock in a report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $1,052.48.

The Goldman Sachs Group Price Performance

NYSE GS traded down $15.23 during midday trading on Friday, hitting $876.07. The company had a trading volume of 1,781,038 shares, compared to its average volume of 2,222,027. The company has a market capitalization of $255.08 billion, a PE ratio of 12.60, a P/E/G ratio of 0.85 and a beta of 1.29. 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 firm has a 50-day moving average price of $962.95 and a 200-day moving average price of $991.46. The Goldman Sachs Group has a twelve month low of $754.00 and a twelve month high of $1,153.99.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Tuesday, October 13th. The investment management company reported $17.01 earnings per share 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 company had revenue of $18.68 billion during the quarter, compared to the consensus estimate of $16.83 billion. During the same quarter in the prior year, the firm posted $12.25 EPS. The firm’s quarterly revenue was up 23.0% on a year-over-year basis. As a group, analysts anticipate that The Goldman Sachs Group will post 70.89 earnings per share for the current fiscal year.

Institutional Trading of The Goldman Sachs Group

Hedge funds have recently modified their holdings of the stock. Sky Investment Group LLC raised its holdings in shares of The Goldman Sachs Group by 0.9% during the second quarter. Sky Investment Group LLC now owns 1,168 shares of the investment management company’s stock valued at $1,181,000 after purchasing an additional 10 shares during the period. Warren Street Wealth Advisors LLC grew its stake in shares of The Goldman Sachs Group by 3.9% in the 2nd quarter. Warren Street Wealth Advisors LLC now owns 269 shares of the investment management company’s stock valued at $272,000 after buying an additional 10 shares during the period. First Financial Group Corp grew its stake in shares of The Goldman Sachs Group by 4.7% in the 1st quarter. First Financial Group Corp now owns 246 shares of the investment management company’s stock valued at $208,000 after buying an additional 11 shares during the period. Meadow Creek Wealth Advisors LLC increased its position in The Goldman Sachs Group by 1.7% in the 1st quarter. Meadow Creek Wealth Advisors LLC now owns 673 shares of the investment management company’s stock valued at $569,000 after buying an additional 11 shares in the last quarter. Finally, DecisionMap Wealth Management LLC increased its position in The Goldman Sachs Group by 3.2% in the 2nd quarter. DecisionMap Wealth Management LLC now owns 350 shares of the investment management company’s stock valued at $354,000 after buying an additional 11 shares in the last quarter. Institutional investors own 71.21% of the company’s stock.

Key Headlines Impacting The Goldman Sachs Group

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.