Street View: Goldman builds momentum on dealmaking strength and revenue momentum

Goldman Sachs group

14/10/2026 10:00

** Goldman Sachs GS.N beat Q3 profit estimates on Tuesday, helped by steady dealmaking activity and a boost in equities trading revenue from market volatility driven by the Middle East conflict
** Median PT of 24 brokerages covering the stock is $1,050 - LSEG-compiled data
     
PIPELINE POWERS OPTIMISM
** Barclays ("overweight," PT: $1245) says GS investment banking backlog remains very robust, supported by a strong pipeline of M&A and equity capital markets deals, even as trading activity typically slows in Q4
** "Expect GS to be one of the biggest beneficiaries in our coverage of the AI investment cycle" - Barclays
** Jefferies ("buy," PT: $1,088) says strong asset and wealth management performance is driving higher earnings expectations, while a constructive outlook for its global banking and markets business should support trading activity and investment banking opportunities
** TD Cowen ("buy," PT: $1050) says it remains confident in the changes GS has made to strengthen its business model and sees significant growth potential, particularly as investment banking activity recovers
** Citizens ("market perform") says GS strong quarterly performance gives it solid revenue momentum and enough capital to support client activity in Q4
     
     

 (Reporting by Kanishka Ajmera in Bengaluru)
 ((Kanishka.Ajmera@thomsonreuters.com))