GS Analyst Ratings

JP Morgan downgraded Goldman Sachs to Neutral in October. BMO initiated at Market Perform ($785). HSBC downgraded to Reduce ($627) in July. Consensus is Hold at $313 average target — trading revenue volatility and capital markets cycle timing remain key concerns.

ANALYST RATINGS
$657
GS
Neutral$750
Downgrade
2025-10-21
Market Perform$785
Initiated
2025-10-03
Reduce$627
Downgrade
2025-07-08
Equal-Weight$558
Downgrade
2025-04-07
Neutral$560
Downgrade
2025-04-04
Downgrade
2025-10-21
JP Morgan
RatingNeutral
FromOverweight
Target$750
From—
Initiated
2025-10-03
BMO Capital Markets
RatingMarket Perform
From—
Target$785
From—
Downgrade
2025-07-08
HSBC Securities
RatingReduce
FromHold
Target$627
From—
Downgrade
2025-04-07
Morgan Stanley
RatingEqual-Weight
FromOverweight
Target$558
From—
Downgrade
2025-04-04
Daiwa Securities
RatingNeutral
FromOutperform
Target$560
From—
Downgrade
2025-02-27
Keefe Bruyette
RatingMkt Perform
FromOutperform
Target$660
From$690
Downgrade
2025-01-06
UBS
RatingNeutral
FromBuy
Target$610
From—
Downgrade
2024-11-26
HSBC Securities
RatingHold
FromBuy
Target$608
From$569
Upgrade
2024-04-16
Argus
RatingBuy
FromHold
Target$465
From—
Upgrade
2024-03-14
Daiwa Securities
RatingOutperform
FromNeutral
Target$430
From$410
Upgrade
2024-01-30
Morgan Stanley
RatingOverweight
FromEqual-Weight
Target$449
From$333
Reiterated
2024-01-18
BMO Capital Markets
RatingMarket Perform
From—
Target$360
From$357
Downgrade
2024-01-10
BMO Capital Markets
RatingMarket Perform
FromOutperform
Target$357
From$421
Initiated
2023-09-07
HSBC Securities
RatingBuy
From—
Target$403
From—
Upgrade
2023-08-01
Atlantic Equities
RatingNeutral
FromUnderweight
Target$351
From$330
Downgrade
2023-07-25
Citigroup
RatingNeutral
FromBuy
Target$400
From$370