Oppenheimer analyst Chris Kotowski maintains $Goldman Sachs (GS.US)$ with a buy rating, and adjusts the target price from $677 to $639.
According to TipRanks data, the analyst has a success rate of 72.9% and a total average return of 25.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Goldman Sachs (GS.US)$'s main analysts recently are as follows:
For the banking sector, analysts observed that the trends established for 2025 have only required slight adjustments in earnings models and predictions. Discussions have extended to projections for 2028, where it's envisioned that banks will optimize growth while maintaining a low-to-mid-teens return on tangible common equity. Skepticism remains regarding the potential for a significantly reduced regulatory and capital requirement environment moving forward. Although the sector is deemed as 'reasonably valued,' opportunities are still identified within the market, with preference noted towards certain leading banks.
Equity markets experienced a roughly 2% decline in December, described as a post-post-election adjustment primarily due to new evaluations that rate cuts might be delayed. Furthermore, a continuation of reduced activity in investment banking from November into December followed a relatively strong performance in September and October. A revitalization is anticipated at the onset of 2025, driven by the general sentiment that improvements in investment banking are expected eventually.
Note:
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