Should You Buy Goldman Sachs Group Inc (GS) Today? Analysis, Price Targets, and 2026 Outlook.
Conclusion
Hold
Latest Price
936.810
1 Day change
0.76%
52 Week Range
984.700
Analysis Updated At
2026/01/28
GS is not a good buy right now for a beginner, long-term investor who wants to deploy capital immediately. The stock is trading below a key pivot/resistance area with weakening momentum (negative MACD), options positioning is slightly defensive, and both insider activity and recent Congress trading skew toward selling. While Wall Street’s price targets have moved up after strong Q4 profitability, the near-term setup looks more like a “hold/accumulate on weakness” than a clean entry at today’s price (~$936).
Technical Analysis
Trend/Momentum: Momentum is soft. MACD histogram is negative (-5.447) and only “contracting” (bearish pressure easing, but not reversed). RSI(6) at ~49 is neutral—no oversold bounce signal.
Moving averages: Converging MAs typically indicate consolidation rather than a strong trend; this reduces conviction for an immediate long-term entry at current levels.
Key levels: Current price (~936) is below the pivot (948.544), which acts as near-term resistance. Immediate support sits at S1 922.702, then S2 906.737. Upside levels are R1 974.387 and R2 990.352. A cleaner technical buy improves if GS reclaims and holds above ~949, or if it pulls back toward ~923/~907 and stabilizes.
Intellectia Proprietary Trading Signals
- [AI Stock Picker](module://ai_stock_pick): No signal on given stock today.
- [SwingMax](module://swingmax): No signal on given stock recently.
Options Data
Bearish
Open Interest Put-Call Ratio
Neutral
Option Volume Put-Call Ratio
Sentiment read: Open-interest put/call at 1.19 suggests positioning is slightly more protective/bearish than bullish. Volume put/call at 0.98 is close to neutral (near-balanced daily activity).
Volatility: 30D IV (33.17) is above historical volatility (28.4) and IV percentile is high (84), implying elevated option pricing/uncertainty. That’s not a strong “risk-on” options backdrop and aligns with a cautious near-term stance.
Technical Summary
Sell
3
Buy
10
Positive Catalysts
Earnings/industry tone: Big U.S. banks reported strong earnings; capital markets strength is supportive for Goldman’s core businesses.
Business momentum: Multiple analysts highlight improving M&A/IPO pipeline and strong capital markets performance.
Corporate action/strategy: Wealth & Asset Management leadership restructuring elevates the division’s importance—could support more durable, less cyclical earnings over time.
Analyst target momentum: Several major firms raised price targets post-Q4, reinforcing constructive medium-term expectations.
Neutral/Negative Catalysts
Insider behavior: Insiders are net sellers, with selling activity up ~490% over the last month—often a near-term headwind for sentiment.
Political flows: Congress trading over the last 90 days shows more sells than buys (6 sales vs 4 purchases) and much larger median sale size, indicating a cautious stance from that cohort.
Macro/regulatory headline risk: Proposed interest rate caps could pressure consumer banking economics across the sector (sentiment overhang even if GS is more markets/IB weighted).
Technical positioning: Price below the pivot (~949) with negative MACD—setup is not signaling a strong immediate uptrend.
Financial Performance
Latest quarter (2025/Q4): Mixed but improving profitability.
- Revenue: $27.901B, down 8.12% YoY (top-line contraction)
- Net income: $4.384B, up 11.75% YoY
- EPS: $14.01, up 17.34% YoY (strong bottom-line leverage)
- Gross margin: 40.25%, up 1.87% YoY
Takeaway: Even with lower revenue, profitability and EPS growth were strong, consistent with a high-quality franchise—good for long-term fundamentals, but it doesn’t override the current sentiment/technical caution for buying today.
Growth
Profitability
Efficiency
Analyst Ratings and Price Target Trends
Recent trend: Analyst price targets have generally been revised upward in January following Q4 results, with several bullish/overweight stances reaffirmed.
- RBC: PT raised to $1,030 (Sector Perform)
- Wells Fargo: PT raised to $1,050 (Overweight)
- BofA: PT raised to $1,100 (Buy)
- Barclays: PT raised to $1,048 (Overweight)
- KBW: PT raised to $1,000 (Market Perform)
Outlier: HSBC lists a much lower PT ($604) with Hold, standing apart from the broader group.
Wall Street pros: Strong capital markets performance, improving M&A/IPO backdrop, and perceived regulatory tailwinds boosting competitive positioning.
Wall Street cons: More tempered firms keep “perform/hold” style ratings, reflecting cyclicality and uncertainty in the earnings path; the wide dispersion (HSBC vs others) signals meaningful disagreement on normalized earnings/valuation.
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 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
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 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.
6 Buy
7 Hold
0 Sell
Moderate Buy
Current: 929.720
Low
604
Averages
848.09
High
1048
Current: 929.720
Low
604
Averages
848.09
High
1048
RBC Capital
Gerard Cassidy
Sector Perform
maintain
$900
AI Analysis
2026-01-20
Reason
RBC Capital
Gerard Cassidy
Price Target
$900
AI Analysis
2026-01-20
maintain
Sector Perform
Reason
RBC Capital analyst Gerard Cassidy raised the firm's price target on Goldman Sachs to $1,030 from $900 and keeps a Sector Perform rating on the shares after its Q4 results. The company is a preeminent global investment bank with a leading position in the global markets and has been the #1 Global-M&A Advisor for the last 20 years, the analyst tells investors in a research note. Goldman is also well capitalized and has been good steward of shareholders' capital by reducing its share-count by estimated 46% since its peak in Q1 of 2010, the firm added.
Wells Fargo
Overweight
maintain
$970
2026-01-16
Reason
Wells Fargo
Price Target
$970
2026-01-16
maintain
Overweight
Reason
Wells Fargo raised the firm's price target on Goldman Sachs to $1,050 from $970 and keeps an Overweight rating on the shares. The firm notes the company's Q4 beat was driven by best-in-class capital market results. The outlook reflects the best merger backlogs in 4 years and expected knock-on effects. Wells highlights aggressive fundraising targets in AWM.
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