Wells Fargo analyst Mike Mayo raised the firm’s price target on Goldman Sachs to $504 from $450 and keeps an Overweight rating on the shares. The increase reflects the firm’s view that estimates are more likely to increase than decrease going forward, aided by dry powder in private equity, improved IB trends, excess capital, and lending.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GS:
- Cameco (NYSE:CCJ): Goldman Sachs Is Bullish on This Key Uranium Player
- Natural Gas: A Natural Bridge to Fuel AI’s Electric Demand
- Is the U.S. Drifting Towards a Debt Crisis?
- Transcendia Announces Significant New Capital Investment to Support Next Phase of Growth and Value Creation Initiatives
- Goldman Sachs to scrap bonus cap for U.K. bankers, FT reports