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The Goldman Sachs Group, Inc. (GS) Stock Analysis

By Nova Skye | AltStation.io | Updated October 20, 2026

Price

$877.00

Change

-0.48%

Market Cap

$255.36B

Avg Volume

2.1M

Company Overview

Headquartered in New York, United States, The Goldman Sachs Group operates as an established powerhouse in the Financial Services sector, specifically within Capital Markets. Founded in 1869, the firm sells deal advisory, debt and equity underwriting, trading execution, and investment management across three segments: Global Banking & Markets, Asset & Wealth Management, and Platform Solutions. Their primary buyers are corporations executing mergers, institutional investors trading equities and debt, and wealthy individuals seeking tailored wealth management. They also provide structured corporate financing and institutional payment solutions.

Goldman is a clear market leader in institutional investment banking and global trading, not a challenger or niche player. Its unmatched dealmaker network and top-tier execution give it a sharp competitive edge over rivals like Morgan Stanley and JPMorgan Chase. The real threat is business cyclicality, as advisory and underwriting fees swing sharply when macroeconomic headwinds freeze client deal flow. Fierce competition in asset management also pressures the firm to continually prove its value in private markets.

Right now, the business is expanding its top line, delivering $58.28 billion in net revenue in 2025, up 9% from 2024. Management is executing an aggressive strategic pivot by dismantling its messy retail banking experiment to refocus on high-margin trading and fee-based wealth management. Abandoning mass-market consumer banking was the right call, freeing up valuable balance-sheet capital for businesses where Goldman actually holds an unfair advantage.

Key Financials

Market Cap

$255.36B

Revenue

$71.04B

EBITDA

N/A

Gross Margin

81.3%

Profit Margin

31.2%

Revenue Growth

23.3%

Total Cash

$1.01T

Total Debt

$839.00B

Free Cash Flow

N/A

52-Week Price Performance Analysis

Price Statistics

P/E Ratio

12.61

Forward P/E

11.96

Beta

1.28

52-Week High

$1153.99

52-Week Low

$743.11

EPS

$69.55

50-Day Avg

$974.84

200-Day Avg

$959.59

Price/Book

2.36

Technical Analysis

GS trades at $877.00, 35% of the way from its $728.78 52-week low to its $1,148.37 high. The stock is 23.74% below that high but remains 20.17% above the low. It sits 2.94% below its 20-day moving average of $902.27. Momentum is weak, with declines of 2.03% over five trading days and 8.71% over 20 trading days. Near-term support is $875.78, while resistance is $1,036.53.

Recent News and Developments

Goldman Sachs posts $17.01 quarterly EPS

Goldman Sachs reported third-quarter net revenue of $18.68 billion and net earnings of $5.29 billion. Revenue rose 23% year over year, while annualized return on common equity reached 18.7%. Source: Goldman Sachs

GS shares jump 4.1% after earnings

Goldman Sachs shares gained 4.1% in premarket trading on October 13 after earnings and revenue beat Wall Street estimates. Global Banking & Markets revenue rose 32%, while equities revenue surged 72%. Source: Yahoo Finance

Jefferies cuts Goldman Sachs price target

Jefferies lowered its Goldman Sachs price target to $1,088 from $1,124 on October 14. Analysts surveyed by FactSet still had an average overweight rating and a mean target of $1,083.86. Source: MT Newswires

Market Sentiment and Analyst Recommendations

Bull Case

Goldman Sachs is delivering strong growth, with revenue up 23.3% to $71.04 billion. Third-quarter net revenue reached $18.68 billion, while net earnings were $5.29 billion and annualized return on common equity hit 18.7%. Global Banking & Markets revenue rose 32%, and equities revenue surged 72%. The company also reported quarterly EPS of $17.01. At $877.00, the stock trades at 12.61 times earnings, which is not an aggressive valuation for that growth rate. The $1,037.90 analyst target sits above the current price, while the high-end estimate reaches $1,250.00. The bull case is straightforward: strong earnings growth, high returns on equity, and a valuation that leaves room for upside.

Bear Case

The chart is deteriorating despite the strong third-quarter report. GS is down 8.71% over 20 trading days, trades below its $902.27 moving average, and sits just above $875.78 support. A break below that support would leave the stock without another supplied near-term technical level. The company carries $839.00 billion in total debt, creating substantial balance-sheet exposure even with $1.01 trillion in cash. Analysts are not uniformly bullish: the consensus recommendation is hold across 21 analysts, and the target range extends down to $730.00. Jefferies cut its target to $1,088 from $1,124 on October 14, while KBW lowered its target to $1,100 from $1,130 on the same date. The bear case is that strong earnings are already understood while weakening momentum and target cuts signal less confidence in further gains.

What to Watch

The first threshold is $875.78, the 30-day low and near-term support. Holding that level would stabilize the chart, while a move back above the $902.27 moving average would improve short-term momentum. The next major test is $1,036.53 resistance, which sits close to the $1,037.90 analyst target. Investors should track whether the 23.3% revenue growth rate continues after third-quarter revenue rose 23% year over year. Global Banking & Markets growth of 32% and equities growth of 72% are key operating benchmarks for the next quarterly report. Return on common equity should also be measured against the latest annualized rate of 18.7%. The thesis strengthens if growth remains high and GS recovers above resistance; it weakens if support fails and operating growth slows.

Analyst Consensus

HOLD

Based on 21 analyst opinions

Low Target

$730.00

Mean Target

$1037.90

High Target

$1250.00

Earnings and Financial Data

Sector

Financial Services

Industry

Capital Markets

Employees

47,500

Earnings & Dividends

Next Earnings

Jan 19, 2027

EPS (Trailing)

$69.55

Dividend Yield

227.0%

Payout Ratio

26.2%

Frequently Asked Questions

Is GS a good stock to buy?

GS combines 23.3% revenue growth with a P/E ratio of 12.61, but the consensus recommendation from 21 analysts is hold. The takeaway is that the fundamentals look stronger than the current technical momentum.

What is the analyst price target for GS?

The analyst target is $1,037.90, with estimates ranging from $730.00 to $1,250.00. The takeaway is that the consensus target is above the current $877.00 price, but analyst expectations vary widely.

Is GS stock near its 52-week high?

GS is 23.74% below its technical 52-week high of $1,148.37 and sits 35% of the way from its $728.78 low to that high. The takeaway is that the stock is much closer to the lower half of its annual range than the top.

What are the support and resistance levels for GS?

Near-term support is $875.78, and near-term resistance is $1,036.53. The takeaway is that GS is trading close to support at its current price of $877.00.

How strong is GS stock momentum?

GS has fallen 2.03% over five trading days and 8.71% over 20 trading days. It is also 2.94% below its 20-day moving average of $902.27, so the takeaway is that near-term momentum is negative.

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Disclaimer: This report is for informational purposes only and does not constitute financial advice. The analysis and opinions expressed are those of AltStation.io and should not be relied upon as the sole basis for investment decisions. Always conduct your own research and consult with a qualified financial advisor before making investment decisions. Past performance does not guarantee future results. Updated October 20, 2026.