Freedom Broker Cuts The Goldman Sachs (GS) Price Target to $1,100
Key Points
- Freedom Broker updated its coverage on The Goldman Sachs Group, Inc. (NYSE: GS) on October 23, 2026, keeping a Buy rating while lowering its price target to $1,100.00 from $1,200.00.
- Freedom Broker's $1,100 price target implies 25.60% upside from The Goldman Sachs Group, Inc.'s ($GS) current $875.80 share price.
- The financial giant reported trailing-twelve-month revenue of $71.04 billion and earnings of $69.55 per share, with its next earnings report slated for January 19, 2027.
- Other Wall Street firms have also recently weighed in on the stock, while institutional investors and company insiders continue to adjust their holdings.
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On October 23, 2026, Freedom Broker updated its view on The Goldman Sachs Group, Inc. (NYSE: GS), keeping a Buy rating on the financial institution while adjusting its price target from $1,200.00 down to $1,100.00. The research note arrived alongside a series of other analyst updates for the Wall Street firm.
GS
The Goldman Sachs Group, Inc.
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Freedom Broker's Call on The Goldman Sachs Group, Inc.
Freedom Broker's updated research note on October 23, 2026, kept a Buy rating in place while moving the target down from $1,200.00 to $1,100.00. The firm is part of a broad group of financial houses covering the New York-based investment bank.
Other Institutional Activity in The Goldman Sachs Group, Inc.
Other large institutional investors adjusted their positions in the firm recently. AMF Tjanstepension reduced its holdings by 1,680 shares, ending with 127,168 shares worth about $114,496,980.00. Meanwhile, Fisher Asset Management, LLC grew its holdings by 136,551 shares, ending with 6,964,113 shares worth about $6,207,113,831.00.
The Goldman Sachs Group, Inc. Stock Down 3.2%
The stock closed at $875.68 on October 23, 2026. The shares recently traded around $875.80 on October 23, 2026. That puts the recent price below its 50-day moving average of $963.06 and below its 200-day moving average of $958.89.
$GS price target
The Goldman Sachs Group, Inc. daily closes and this analyst's $1,100 target. Not advice.
Recent Earnings
The Goldman Sachs Group, Inc. reported trailing-twelve-month revenue of $71,036,002,304.00 and trailing-twelve-month earnings of $69.55 per share. The company posted a net profit margin of 31.2% and a return on equity of 17.8% during the period. Investors can look for the next financial update when the company reports earnings on January 19, 2027.
Dividend
The company maintains an annual dividend rate of $20.00 per share, giving it a dividend yield of 2.24%.
Insider Buying and Selling at The Goldman Sachs Group, Inc.
Company insiders made several trades prior to the analyst update. Chief Financial Officer Denis P. Coleman sold 6,857 shares on May 14, 2026, for a total value of $6,675,613.00. Officer Ericka T. Leslie sold 250 shares on July 15, 2026, for $287,951.00, and later sold 175 shares on August 4, 2026, for $184,445.00. Leslie also sold 600 shares on August 28, 2026, at an average price of $1,033.80 for a total value of $620,280.00.
Analysts Set New Price Targets
Other analysts have updated their views on the stock recently. On October 14, 2026, Citigroup maintained a Neutral rating with a target of $1,000.00, down from $1,050.00. Keefe, Bruyette & Woods maintained a Market Perform rating on October 14, 2026, moving its target from $1,130.00 to $1,100.00. JP Morgan maintained a Neutral rating on October 16, 2026, raising its target to $970.00 from $955.00. BMO Capital maintained a Market Perform rating on October 19, 2026, moving its target from $970.00 to $950.00. Across the broader analyst community, the stock carries a consensus Hold rating and a mean price target of $1,037.18.
About The Goldman Sachs Group, Inc.
The Goldman Sachs Group, Inc. is a major financial institution offering investment banking, asset management, and securities services to corporations, governments, and individual clients worldwide. Its operations span global markets and wealth management, making its stock a key barometer for activity on Wall Street.
Bottom Line
Investors will watch how the stock performs relative to Freedom Broker's new $1,100.00 target ahead of the company's next earnings report on January 19, 2027.
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Source: Freedom Broker's rating change on $GS (Oct 23, 2026). Written by software, not financial advice. How we make alerts