Goldman Sachs Analysts Increase Their Forecasts After Strong Q2 Results

Benzinga07-15 21:11

Goldman Sachs Group Inc (NYSE:GS) posted upbeat earnings for the second quarter on Tuesday.

The firm reported earnings of $20.98 per share, well above the analyst consensus estimate of $14.40. Net revenue increased 39% year over year to $20.34 billion, beating the consensus estimate of $16.13 billion, driven by strength in its Global Banking & Markets business.

Goldman Sachs CEO David Solomon said the AI investment cycle is driving capital demand beyond core technology into infrastructure, energy, and data centers. He said the artificial intelligence investment cycle remains in its early stages despite helping drive the bank’s record second-quarter results.

Goldman Sachs shares rose 0.3% to $1,143.00 in pre-market trading.

These analysts made changes to their price targets on Goldman Sachs following earnings announcement.

Wells Fargo analyst Mike Mayo maintained the stock with an Overweight rating and raised the price target from $1,195 to $1,325.
Keefe, Bruyette & Woods analyst Christopher McGratty maintained Goldman Sachs with a Market Perform and boosted the price target from $1,050 to $1,130.
Barclays analyst Jason Goldberg maintained the stock with an Overweight rating and raised the price target from $1,048 to $1,245.
JP Morgan analyst Kian Abouhossein maintained the stock with a Neutral and raised the price target from $900 to $955.

Considering buying GS stock? Here’s what analysts think:

Photo via Shutterstock

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Net revenue increased 39% year over year to $20.34 billion, beating the consensus estimate of $16.13 billion, driven by strength in its Global Banking &amp; Markets business.</p>\n<p>Goldman Sachs CEO David Solomon said the AI investment cycle is driving capital demand beyond core technology into infrastructure, energy, and data centers. He said the artificial intelligence investment cycle remains in its early stages despite helping drive the bank’s record second-quarter results.</p>\n<p>Goldman Sachs shares rose 0.3% to $1,143.00 in pre-market trading.</p>\n<p>These analysts made changes to their price targets on Goldman Sachs following earnings announcement.</p>\n<ul>\n<li><a href=\"https://laohu8.com/S/EOD\">Wells Fargo</a> analyst Mike Mayo maintained the stock with an Overweight rating and raised the price target from $1,195 to $1,325.</li>\n<li>Keefe, Bruyette &amp; Woods analyst Christopher McGratty maintained Goldman Sachs with a Market Perform and boosted the price target from $1,050 to $1,130.</li>\n<li>Barclays analyst Jason Goldberg maintained the stock with an Overweight rating and raised the price target from $1,048 to $1,245.</li>\n<li>JP Morgan analyst Kian Abouhossein maintained the stock with a Neutral and raised the price target from $900 to $955.</li>\n</ul>\n<p><strong>Considering buying GS stock? Here’s what analysts think:</strong></p>\n<figure><img decoding=\"async\" height=\"456\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/07/15091049/image-397-1024x456.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/07/15091049/image-397-1024x456.png 1024w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/07/15091049/image-397-300x133.png 300w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/07/15091049/image-397-768x342.png 768w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/07/15091049/image-397.png 1216w\" width=\"1024\"/></figure>\n<p><em>Photo via Shutterstock</em></p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Goldman Sachs Analysts Increase Their Forecasts After Strong Q2 Results</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoldman Sachs Analysts Increase Their Forecasts After Strong Q2 Results\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2026-07-15 21:11</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p><strong>Goldman Sachs Group Inc </strong>(NYSE:GS) posted upbeat earnings for the second quarter on Tuesday.</p>\n<p>The firm reported earnings of $20.98 per share, well above the analyst consensus estimate of $14.40. Net revenue increased 39% year over year to $20.34 billion, beating the consensus estimate of $16.13 billion, driven by strength in its Global Banking &amp; Markets business.</p>\n<p>Goldman Sachs CEO David Solomon said the AI investment cycle is driving capital demand beyond core technology into infrastructure, energy, and data centers. He said the artificial intelligence investment cycle remains in its early stages despite helping drive the bank’s record second-quarter results.</p>\n<p>Goldman Sachs shares rose 0.3% to $1,143.00 in pre-market trading.</p>\n<p>These analysts made changes to their price targets on Goldman Sachs following earnings announcement.</p>\n<ul>\n<li><a href=\"https://laohu8.com/S/EOD\">Wells Fargo</a> analyst Mike Mayo maintained the stock with an Overweight rating and raised the price target from $1,195 to $1,325.</li>\n<li>Keefe, Bruyette &amp; Woods analyst Christopher McGratty maintained Goldman Sachs with a Market Perform and boosted the price target from $1,050 to $1,130.</li>\n<li>Barclays analyst Jason Goldberg maintained the stock with an Overweight rating and raised the price target from $1,048 to $1,245.</li>\n<li>JP Morgan analyst Kian Abouhossein maintained the stock with a Neutral and raised the price target from $900 to $955.</li>\n</ul>\n<p><strong>Considering buying GS stock? Here’s what analysts think:</strong></p>\n<figure><img decoding=\"async\" height=\"456\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/07/15091049/image-397-1024x456.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2026/07/15091049/image-397-1024x456.png 1024w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/07/15091049/image-397-300x133.png 300w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/07/15091049/image-397-768x342.png 768w, https://editorial-assets.benzinga.com/wp-content/uploads/2026/07/15091049/image-397.png 1216w\" width=\"1024\"/></figure>\n<p><em>Photo via Shutterstock</em></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1868836591.USD","symbol_name":"CT (LUX) I AMERICAN \"1U\"(USD) ACC","start_time":0,"source_url":"https://www.benzinga.com/analyst-stock-ratings/price-target/26/07/60468127/goldman-sachs-analysts-increase-their-forecasts-after-strong-q2-results","article_id":"2651465032","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2651465032","pubTimestamp":1784121113,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"Goldman Sachs (NYSE:GS) posted strong Q2 earnings, beating analyst estimates. 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Net revenue increased 39% year over year to $20.34 billion, beating the consensus estimate of $16.13 billion, driven by strength in its Global Banking & Markets business.\nGoldman Sachs CEO David Solomon said the AI investment cycle is driving capital demand beyond core technology into infrastructure, energy, and data centers. 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Here’s what analysts think:\n\nPhoto via Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport,express","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.45.2","shortVersion":"4.45.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2651465032","isCrawlerRequest":true}