Street View: M&A strength puts new shine on Goldman Sachs

Goldman Sachs GS.N reported stronger‑than‑expected Q4 profit on Thursday, lifted by a jump in dealmaking and trading

Median PT of 24 brokerages covering the stock is $904 - data compiled by LSEG

ASSET MANAGEMENT FOCUS PAYS OFF

Barclays ("overweight," PT: $1,048) says GS is well positioned to benefit from a pick‑up in M&A, noting its “multiplier effect” across financing, hedging, market‑making and AWM (asset & wealth management) inflows

Morningstar (fair value: $700) says co should be able to deliver solid, mid‑teens returns, supported by a shift toward more capital‑efficient lending, growing wealth and asset‑management businesses, and exit from the Apple Card partnership

KBW ("market perform," PT: $1,000) says profits can improve more steadily if co leans further into AWM, a shift that may take time but can be sped up with disciplined deals

BofA Global Research ("buy," PO: $1,100) says improving M&A momentum, a more favorable regulatory backdrop, and co’s focus on durable growth could fuel stronger‑than‑expected 2026 EPS