Goldman Sachs Shares Fall 2.13% to $872.95 as Analysts Cut Price Targets

Goldman Sachs Group, Inc. (NYSE: GS ) stock fell Wednesday despite strong third-quarter 2026 results, as hotter-than-expected inflation triggered a broader market selloff and renewed concerns about further interest rate hikes. 6% forecast. Core inflation also topped expectations, raising the likelihood of another Federal Reserve rate hike and pushing Treasury yields higher.

Adding to the pressure, two Wall Street analysts lowered their price forecasts for Goldman Sachs following its quarterly results. Analysts Trim Goldman Sachs Price Forecasts On Tuesday, RBC Capital Markets analyst Gerard Cassidy lowered his price forecast to $1,010 from $1,220 while maintaining a Sector Perform rating. Despite the reduction, Cassidy highlighted Goldman Sachs' strong capital markets performance. 86 consensus.

4 billion, driven by record financing revenue. 2 billion, although the deal backlog declined sequentially. 1 billion, supported by record management fees and $97 billion in long-term net inflows. 39.

The upward revisions reflect stronger revenue expectations, partly offset by higher expenses. However, RBC's lower valuation incorporates its return-on-equity assumptions, projected book value and Treasury yields. Separately, on Wednesday, Keefe, Bruyette & Woods analyst Christopher McGratty maintained a Market Perform rating on Goldman Sachs but reduced his price forecast to $1,100 from $1,130. 95 at the time of publication on Wednesday, according to Pro data.

2B Fine Just Cost Shareholders 25 Times That