Goldman Sachs Group, the Financial sector company, was revisited by a Wall Street analyst today. Analyst Betsy Graseck from Morgan Stanley maintained a Hold rating on the stock and has a $828.00 price target.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Betsy Graseck’s rating is based on a combination of factors impacting Goldman Sachs Group’s financial outlook. The decision to lower the 2026 and 2027 EPS estimates by 3% reflects increased share count and higher expenses, both compensation and non-compensation related, coupled with a decline in equities trading revenues. These factors are only partially offset by anticipated growth in Asset & Wealth Management, FICC, Platform Solutions, and investment banking revenues.
Betsy Graseck also adjusted the price target for Goldman Sachs from $854 to $828, maintaining the target PE multiple but applying it to the slightly reduced 2027 EPS. The tighter Supplementary Leverage Ratio (SLR) is expected to limit share buybacks in the coming quarters, further influencing the EPS outlook. Although there was a solid earnings beat in the recent quarter, the market’s expectations were even higher, leading to a cautious Hold rating as investors await further regulatory clarity and potential reforms.
In another report released yesterday, RBC Capital also maintained a Hold rating on the stock with a $843.00 price target.