Morgan Stanley raised the firm’s price target on Goldman Sachs (GS) to $782 from $736 and keeps an Overweight rating on the shares after the company delivered a 46% EPS beat on surging Markets, Banking and Asset & Wealth Management revenues. The firm, which has “high conviction that we are at the early stages of a multi-year capital markets cycle,” views Goldman as best positioned within the firm’s coverage and expects “more blowout quarters throughout 2025,” the analyst tells investors.
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