BofA Lifts Goldman Sachs Price Target to $1,050, Forecasts 20% IB Revenue Rebound
BofA Securities raised Goldman Sachs' price target to $1,050 from $900 and maintained a Buy rating, forecasting a 20% rebound in investment banking revenue for FY26 and normalized ROTCE of 19% by FY27 with a 60% efficiency ratio. Goldman’s EPS plunged 56% from 2021–2023 due to capital markets volatility.
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