The Goldman Sachs Group (NYSE:GS) Given New $980.00 Price Target at CICC Research

Posted by Scott Moore on May 19th, 2026

The Goldman Sachs Group (NYSE:GS – Get Free Report) had its price target upped by analysts at CICC Research from $825.00 to $980.00 in a research report issued on Tuesday,MarketScreener reports. The firm presently has an “outperform” rating on the investment management company’s stock. CICC Research’s price objective indicates a potential upside of 5.09% from the stock’s current price.

Other analysts have also recently issued reports about the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of The Goldman Sachs Group in a report on Monday, April 13th. Weiss Ratings downgraded shares of The Goldman Sachs Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 8th. Citigroup lifted their price objective on shares of The Goldman Sachs Group from $765.00 to $930.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. HSBC boosted their target price on shares of The Goldman Sachs Group from $729.00 to $765.00 in a report on Monday, May 4th. Finally, Morgan Stanley decreased their target price on shares of The Goldman Sachs Group from $1,078.00 to $1,021.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 31st. Nine analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $943.95.

Read Our Latest Research Report on The Goldman Sachs Group

The Goldman Sachs Group Price Performance

GS stock traded down $13.87 during mid-day trading on Tuesday, hitting $932.49. The company had a trading volume of 174,124 shares, compared to its average volume of 2,271,645. The company has a 50-day moving average price of $880.81 and a 200 day moving average price of $880.02. The Goldman Sachs Group has a 12-month low of $582.50 and a 12-month high of $984.70. The company has a market capitalization of $275.10 billion, a price-to-earnings ratio of 17.03, a P/E/G ratio of 1.22 and a beta of 1.28. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 2.89.

The Goldman Sachs Group (NYSE:GS – Get Free Report) last issued its quarterly earnings data on Monday, April 13th. The investment management company reported $17.55 earnings per share for the quarter, beating analysts’ consensus estimates of $15.92 by $1.63. The firm had revenue of $17.23 billion during the quarter, compared to analyst estimates of $16.66 billion. The Goldman Sachs Group had a return on equity of 16.53% and a net margin of 14.13%.The business’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter last year, the business posted $14.12 earnings per share. On average, research analysts anticipate that The Goldman Sachs Group will post 59.53 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Alex S. Golten sold 1,116 shares of the company’s stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $936.18, for a total transaction of $1,044,776.88. Following the transaction, the insider owned 2,578 shares of the company’s stock, valued at approximately $2,413,472.04. This represents a 30.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Denis P. Coleman sold 6,857 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $973.55, for a total value of $6,675,632.35. Following the completion of the sale, the chief financial officer owned 31,070 shares in the company, valued at approximately $30,248,198.50. The trade was a 18.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 33,681 shares of company stock worth $31,737,875. Corporate insiders own 0.55% of the company’s stock.

Institutional Trading of The Goldman Sachs Group

A number of large investors have recently made changes to their positions in GS. Edgestream Partners L.P. boosted its position in The Goldman Sachs Group by 0.7% in the 1st quarter. Edgestream Partners L.P. now owns 17,869 shares of the investment management company’s stock valued at $15,117,000 after buying an additional 119 shares during the period. Kentucky Retirement Systems increased its position in shares of The Goldman Sachs Group by 84.4% during the first quarter. Kentucky Retirement Systems now owns 34,800 shares of the investment management company’s stock worth $29,440,000 after acquiring an additional 15,926 shares during the period. Oddo BHF Asset Management Sas raised its stake in shares of The Goldman Sachs Group by 3.9% during the first quarter. Oddo BHF Asset Management Sas now owns 6,546 shares of the investment management company’s stock valued at $5,538,000 after acquiring an additional 248 shares in the last quarter. Bull Harbor Capital LLC purchased a new stake in shares of The Goldman Sachs Group in the first quarter valued at approximately $555,000. Finally, Strategic Investment Advisors MI boosted its holdings in shares of The Goldman Sachs Group by 20.8% in the first quarter. Strategic Investment Advisors MI now owns 727 shares of the investment management company’s stock valued at $614,000 after purchasing an additional 125 shares during the period. 71.21% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting The Goldman Sachs Group

Here are the key news stories impacting The Goldman Sachs Group this week:

Positive Sentiment: Goldman Sachs said it still sees a “huge opportunity” despite geopolitical turmoil, with international co-heads noting clients have remained active and the firm’s outlook on deal activity and global markets remains constructive. Goldman Sachs Targets ‘Huge Opportunity’ Despite Iran Shock
Positive Sentiment: Recent commentary highlighted Goldman’s view that AI-related stocks are increasingly acting like a defensive trade, reinforcing the firm’s influence in one of Wall Street’s strongest themes and supporting investor confidence in its market research franchise. AI Stocks Are Becoming Wall Street’s New Defensive Trade As Inflation Fears Rise, Goldman Says
Positive Sentiment: Goldman reiterated a Buy rating on Standard Chartered, signaling the firm’s continued active role in covering financials and maintaining a constructive stance on selected peers. Goldman Sachs Reiterates Buy on Standard Chartered as Long-Term Profitability Targets Signal 18% Total Return Upside
Neutral Sentiment: Goldman’s CFO Denis Coleman sold 6,857 shares in a disclosed transaction; the move is notable, but it is a partial sale and does not on its own indicate a change in fundamentals. Denis Coleman Sells 6,857 Shares of The Goldman Sachs Group (NYSE:GS) Stock
Neutral Sentiment: Recent coverage of Goldman’s AI and market commentary, plus portfolio updates in crypto-related assets, is more about the firm’s views and positioning than a direct earnings catalyst for GS shares. History says AI is likely to widen the gap between corporate giants and everyone else: Goldman Sachs

About The Goldman Sachs Group

(Get Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.