Home / Business and Economy / Morgan Stanley Bullish on Goldman Sachs, Lifts 2026 Price Target
Morgan Stanley Bullish on Goldman Sachs, Lifts 2026 Price Target
29 Jul
Summary
- Morgan Stanley maintains Equalweight rating on Goldman Sachs
- Raises 2026 price target by 4% to $706 per share
- Cites projections for higher revenues and earnings
According to a recent report, investment banking giant The Goldman Sachs Group, Inc. (NYSE:GS) is poised for strong performance in the coming years. On July 17, Morgan Stanley maintained its Equalweight rating on GS shares but raised its 2026 price target by 4% to $706.
The new price target reflects Morgan Stanley's updated forecasts for Goldman Sachs' financial results, particularly in 2026. The investment bank projects greater revenues from the firm's Markets and Asset & Wealth Management divisions, as well as a reduced share count and somewhat higher Investment Banking revenues. These factors are expected to boost Goldman's 2026 earnings per share to an estimated $54.33, up 4% from Morgan Stanley's prior forecast.
While the report acknowledges Goldman Sachs' solid reputation and expertise in areas like trading, underwriting, and M&A advisory, it suggests that certain AI stocks may offer even greater upside potential with less downside risk for investors.
