Goldman Sachs Group, the Financial sector company, was revisited by a Wall Street analyst yesterday. Analyst Ebrahim Poonawala from Bank of America Securities reiterated a Buy rating on the stock and has a $782.00 price target.
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Ebrahim Poonawala has given his Buy rating due to a combination of factors that suggest a positive outlook for Goldman Sachs. The company’s recent performance, particularly in the second quarter of 2025, exceeded expectations with strong results in mergers and acquisitions advisory and equities trading. This performance indicates potential for continued revenue growth and improved operating leverage, which could lead to higher earnings per share by 2026.
Moreover, Goldman Sachs is benefiting from both cyclical and structural tailwinds. The investment banking pipeline shows promising growth, and there is a positive shift in the regulatory environment. These factors, combined with the company’s strong capital position and potential for high returns on tangible common equity, create a favorable scenario for long-term investors. As a result, Poonawala maintains a Buy rating with a price objective of $782, reflecting confidence in the stock’s potential for outperformance.
According to TipRanks, Poonawala is a 5-star analyst with an average return of 13.5% and a 70.72% success rate. Poonawala covers the Financial sector, focusing on stocks such as JPMorgan Chase, Goldman Sachs Group, and BNY.
In another report released today, Barclays also maintained a Buy rating on the stock with a $720.00 price target.