Goldman Sachs Sees Further Upside for Japanese Stocks
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Source: CNBC
- Market Upside Potential: Goldman Sachs indicates that despite a significant rally in Japanese stocks this year, there remains room for further gains, raising its 12-month target for the TOPIX index from 4,200 to 4,400, suggesting an upside of over 11% from current levels.
- Improved Earnings Outlook: The bank highlights that the positive full-year results season has led to an improved earnings outlook for Japanese companies, revising fiscal 2026 earnings-per-share growth estimates from 7% to 11%, while maintaining 11% and 9% growth forecasts for fiscal 2027 and 2028, respectively.
- Strong Foreign Inflows: Since April 2025, foreign investors have poured approximately 16 trillion yen (about $100.3 billion) into Japanese equities, indicating a more constructive environment for foreign flows that supports the market.
- Enhanced Shareholder Returns: Total shareholder returns for TOPIX companies reached 43 trillion yen in fiscal 2025, with robust buyback announcements during the latest earnings season, further boosting confidence in Japanese stocks.
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Analyst Views on GS
Wall Street analysts forecast GS stock price to fall
12 Analyst Rating
5 Buy
7 Hold
0 Sell
Moderate Buy
Current: 1092.610
Low
604.00
Averages
951.45
High
1100
Current: 1092.610
Low
604.00
Averages
951.45
High
1100
About GS
The Goldman Sachs Group, Inc. is a global financial institution that delivers a range of financial services to a large and diversified client base that includes corporations, financial institutions, governments and individuals. Its segments include Global Banking & Markets, Asset & Wealth Management and Platform Solutions. The Global Banking & Markets segment offers a range of services, including financing, advisory services, risk distribution, and hedging for its institutional and corporate clients. It facilitates client transactions and makes markets in fixed income, equity, currency and commodity products. The Asset & Wealth Management segment manages assets and offers investment products across all asset classes to a diverse set of clients. It also provides investing and wealth advisory solutions. The Platform Solutions segment includes consumer platforms, such as partnerships offering credit cards and point-of-sale financing, and transaction banking and other platform businesses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Highest CD Rate: Currently, Marcus by Goldman Sachs offers a 4% APY on its 14-month CD, which is significantly higher than the market average, attracting investor interest and potentially driving capital into this product.
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