The Goldman Sachs Group, Inc. (NYSE:GS) is among the most profitable financial stocks to invest in. On January 20, RBC Capital lifted the price target on The Goldman Sachs Group, Inc. (NYSE:GS) to $1,030 from $900 and maintained a Sector Perform rating, citing “robust market conditions” that led to beat results across many of the bank’s businesses. According to the firm, the bank is a “preeminent global investment bank with a leading position in the global markets.”
The Goldman Sachs Group, Inc. (NYSE:GS) has remained the top Global M&A Advisor for the last 20 years, RBC Capital noted, adding that the bank stands among the top investment banks in high-yield and leverage loan portfolios. The firm also highlighted that the bank is well capitalized and has been a “good steward of shareholders’ capital,” with its approximately 46% decline in share count since its peak in the first quarter of 2010.
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Four days earlier, Keefe, Bruyette & Woods (KBW) increased the price target on The Goldman Sachs Group, Inc. (NYSE:GS) to $1,000 from $971, while reiterating a Market Perform rating. Christopher McGratty, an analyst at KBW, highlighted that “business momentum is exceptionally strong” in the bank’s investment banking and trading segments.
The Goldman Sachs Group, Inc. (NYSE:GS) is a New York-based financial institution offering a range of financial services. Founded in 1869, the company operates through three segments: Global Banking & Markets, Asset & Wealth Management, and Platform Solutions.
While we acknowledge the potential of GS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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