Morgan Stanley Lifts Goldman Sachs (GS) Target as EPS Forecast Improves

The Goldman Sachs Group, Inc. (NYSE:GS) ranks among the best momentum stocks to buy. On July 17, Morgan Stanley kept its Equalweight rating on The Goldman Sachs Group, Inc. (NYSE:GS) shares and increased its price target from $680 to $706. The price target’s 4% increase is in line with Morgan Stanley’s most recent forecasts for Goldman Sachs’ performance going forward, especially in 2026.

Citing projections for greater Markets revenues, improved Asset & Wealth Management revenues, a reduced share count, and somewhat higher Investment Banking revenues, Morgan Stanley has lifted its 2026 earnings per share estimate by 4% to $54.33. These perks are partially offset by higher projected expenses.

The new price target, which is in line with Morgan Stanley’s prior valuation approach for The Goldman Sachs Group, Inc. (NYSE:GS), applies a 13x target 2026 price-to-earnings multiple.

A globally recognized bank, The Goldman Sachs Group, Inc. (NYSE:GS) provides investment banking, securities, and asset management services. The company is well-known for its solid reputation and proficiency in trading, underwriting, and merger and acquisition advising services.

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