Goldman to Broaden ETF Presence Through Acquisition of Innovator Capital
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 02 2025
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Source: NASDAQ.COM
Goldman Sachs Acquires Innovator Capital Management: Goldman Sachs has agreed to acquire Innovator Capital Management for approximately $2 billion, significantly enhancing its active ETF capabilities and expanding its asset management offerings to over $75 billion in total assets under supervision.
Strategic Shift Towards Asset Management: This acquisition aligns with Goldman’s strategy to diversify its revenue streams and reduce reliance on volatile investment banking, as it continues to build its asset and wealth management platform through innovative investment products.
Innovator's Integration and Future Plans: Innovator will operate as a wholly owned subsidiary within Goldman Sachs Asset Management, maintaining its existing investment management arrangements while integrating its defined outcome ETF suite into Goldman’s offerings.
Recent Market Performance: Goldman Sachs shares have increased by 34.7% over the past year, outperforming the industry average growth of 25.7%, reflecting strong market confidence in its strategic direction and acquisitions.
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Analyst Views on GS
Wall Street analysts forecast GS stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for GS is 848.09 USD with a low forecast of 604.00 USD and a high forecast of 1048 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
13 Analyst Rating
6 Buy
7 Hold
0 Sell
Moderate Buy
Current: 929.720
Low
604.00
Averages
848.09
High
1048
Current: 929.720
Low
604.00
Averages
848.09
High
1048
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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