Wells Fargo Reiterates Buy Rating on Goldman Sachs with $1,195 Target
Wells Fargo maintains its buy rating on Goldman Sachs, setting a $1,195 price target, a 12.20% upside from the current price.
Key Points
- Wells Fargo analyst Mike Mayo reiterated a buy rating on Goldman Sachs, setting a price target of $1,195 on June 24, 2026.
- Wells Fargo's $1,195 price target implies 12.20% upside from The Goldman Sachs Group, Inc.'s ($GS) current $1,065.09 share price.
- Goldman Sachs shares traded near $1,094.44 on Wednesday, with a market cap of approximately $326.4 billion and a P/E ratio of 20.22.
- Insiders at Goldman Sachs, including CFO Denis Coleman, sold shares in May 2026, while CEO David Solomon bought shares in late April.
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Wells Fargo analyst Mike Mayo reiterated a buy rating on The Goldman Sachs Group, Inc. (NYSE:GS) on June 24, 2026. Mayo set a price target of $1,195 for the investment banking giant, underscoring his positive outlook for the company's future performance.
Wells Fargo vs. the S&P 500
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Other Institutional Activity in The Goldman Sachs Group, Inc.
Several major funds have been active in trading Goldman Sachs shares. BlackRock, Inc. increased its holdings by 737,807 shares, bringing its total to 23,989,366 shares, valued at about $20.3 billion. Meanwhile, State Street Corp trimmed its position by 309,725 shares, holding 19,255,058 shares worth approximately $16.3 billion. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both opened new positions, each with over 7 million shares, valued at $15.6 billion and $6.1 billion respectively. Geode Capital Management, LLC added 388,112 shares, totaling 7,114,833 shares valued at around $6 billion.
The Goldman Sachs Group, Inc. Stock Up 3.0%
Shares of NYSE:GS traded near $1,094.44 on Wednesday. The company boasts a market cap of approximately $326.4 billion, with a P/E ratio of 20.22 and a forward P/E of 16.86. The stock's 52-week range spans from $630.01 to $1,125.00. Its 50-day moving average is $973.87, while the 200-day moving average sits at $876.64. Goldman Sachs maintains a current ratio of 1.5 and a quick ratio of 1.349, with a debt-to-equity ratio of 678.6.
$GS price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
In its recent earnings report, Goldman Sachs posted revenues of $61.53 billion, reflecting a growth rate of 14.5%. The company achieved an EPS of $54.72, with a net margin of 29.36% and a return on equity of 14.55%. The next earnings release is anticipated on July 14, 2026.
Dividend
Goldman Sachs offers an annual dividend rate of $18.00, yielding 1.64%. The dividend payout ratio stands at 28.31%.
Insider Buying and Selling at The Goldman Sachs Group, Inc.
Recent insider activity at Goldman Sachs includes several sales in May 2026. CFO Denis Coleman sold 6,857 shares at an average price of $973.55. Chief Legal Officer Kathryn Ruemmler sold 14,292 shares at $939.07 on May 6, and CEO David Solomon sold 3,470 shares at $930.70 on May 1. However, Solomon also purchased 34,017 shares on April 28.
Analysts Set New Price Targets
On June 24, 2026, Wells Fargo maintained its buy rating on Goldman Sachs with a price target of $1,195. Citigroup held a neutral stance on June 23, 2026, with a $1,100 target, while JP Morgan set a $900 target on June 12. The overall analyst consensus rates Goldman Sachs as a hold, with a mean target price of $951.30 among 20 analysts.
About The Goldman Sachs Group, Inc.
The Goldman Sachs Group, Inc., based in New York, NY, is a global financial services firm providing a wide range of services to corporations, financial institutions, governments, and individuals. Operating through segments such as Global Banking & Markets, Asset & Wealth Management, and Platform Solutions, Goldman Sachs offers financial advisory services, asset management, and various banking solutions. The company, led by CEO David M. Solomon, employs approximately 47,000 people worldwide.
Bottom Line
Wells Fargo's reiteration of a buy rating with a $1,195 target reflects confidence in Goldman Sachs' prospects. Investors often track such analyst updates for insights into potential stock performance. It's important to remember that these ratings and targets reflect the analysts' views at the time of the report.
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