HSBC upgrades Goldman Sachs Group to Hold, raises target to $995
HSBC upgraded Goldman Sachs Group to Hold from Reduce, raising the price target to $995 from $834. Other analysts, including Evercore ISI Group and Barclays, also adjusted their price targets, reflecting varied expectations for the firm's performance.
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HSBC analyst Saul Martinez upgraded Goldman Sachs Group from Reduce to Hold and raised the price target to $995 from $834. This adjustment reflects a revised outlook on the financial firm's valuation. The move comes alongside other analyst actions, including Evercore ISI Group raising its target to $1210 and Barclays increasing its target to $1245.
Rating and Price Action
The adjustments signal varied expectations for Goldman Sachs Group's performance. Evercore ISI Group analyst Glenn Schorr maintained an Outperform rating with a new price target of $1210, up from $1075. Barclays analyst Jason Goldberg maintained an Overweight rating with a price target of $1245, up from $1048. Conversely, BMO Capital analyst Brennan Hawken maintained a Market Perform rating but lowered the price target to $1150 from $1190. Keefe, Bruyette & Woods analyst Christopher McGratty maintained a Market Perform rating with a price target of $1130, up from $1050.
| Firm | Rating | Previous Price Target | New Price Target |
|---|---|---|---|
| HSBC | Hold | $834 | $995 |
| Evercore ISI Group | Outperform | $1075 | $1210 |
| Barclays | Overweight | $1048 | $1245 |
| BMO Capital | Market Perform | $1190 | $1150 |
| Keefe, Bruyette & Woods | Market Perform | $1050 | $1130 |
What factors are driving the significant divergence in price targets among analysts?
How might Goldman Sachs' recent performance influence future analyst ratings?
What potential market shifts could impact the firm's valuation in the coming quarters?
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