The Goldman Sachs Group, Inc. (NYSE: GS) has delivered a strong rebound, climbing nearly 48% over the past year as deal activity improved and trading remained solid. The stock now trades near $751/share, just below its 52-week high of $825/share. With profitability stabilizing and capital returns accelerating, analysts see modest upside ahead.
Recently, Goldman reported stronger-than-expected third-quarter results, supported by higher investment banking fees and resilient trading activity. The firm also outlined plans to expand its wealth management division, targeting more stable, fee-based revenue. These moves show Goldman’s focus on long-term consistency rather than chasing short-term market cycles.
This article explores where Wall Street analysts think Goldman Sachs could trade by 2027. We pulled together consensus targets and valuation models to outline the stock’s potential path. These figures reflect current analyst expectations and are not TIKR’s own predictions.
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Analyst Price Targets Suggest Modest Upside
Goldman Sachs trades at about $751/share today. The average analyst price target is around $795/share, which points to roughly 6% upside over the next year.
- High estimate: ~$898/share
- Low estimate: ~$625/share
- Median target: ~$810/share
- Ratings: 6 Buys, 2 Outperforms, 14 Holds, 1 Underperforms, 2 Sells
For investors, this suggests modest upside potential. Analysts view Goldman as a stable performer rather than a high-growth play. The stock could outperform if capital markets activity strengthens and wealth management growth continues to scale, but most see limited multiple expansion from current levels.
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Goldman Sachs: Growth Outlook and Valuation
Goldman’s fundamentals remain solid, supported by durable profitability and disciplined cost management.
- Revenue growth forecast: ~6.4% annually through 2027
- Operating margins: ~37%
- Forward P/E multiple: ~12x, below its 5-year average
- Based on analysts’ average estimates, TIKR’s Guided Valuation Model using a 12x forward P/E suggests: ~$844/share by 2027
- That implies about 12% total upside, or roughly 5.5% annualized returns
For investors, this means Goldman is priced for consistency and steady compounding rather than rapid growth. The firm’s efficiency gains and balanced business mix make it a quality long-term hold, but returns will likely depend on modest earnings growth and continued capital discipline.
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What’s Driving the Optimism?
Goldman Sachs remains one of the most recognized names in global finance. The firm’s pivot toward wealth and asset management is helping reduce earnings volatility, while a more favorable rate environment continues to support trading and lending income.
Management’s ongoing investments in automation and efficiency are also starting to show results, improving productivity and expense control. Meanwhile, client activity across investment banking and capital markets has begun to normalize after a challenging stretch.
For investors, these developments highlight a company that is adapting well to changing market dynamics. Goldman’s diversified model and operational discipline suggest it can deliver stable earnings growth even in uneven market conditions.
Bear Case: Slower Deal Recovery and Rising Costs
Despite these positives, Goldman still faces headwinds tied to the broader economic cycle. If M&A and IPO activity remain sluggish, investment banking revenue could stay muted. At the same time, rising compensation and technology costs may limit margin expansion.
Competition in wealth management is also intensifying as major banks and fintech firms target the same high-net-worth clients. For investors, the risk is that steady results may not translate into strong share price gains if top-line growth remains modest and margins stay under pressure.
Outlook for 2027: What Could Goldman Sachs Be Worth?
Based on analysts’ average estimates, TIKR’s Guided Valuation Model using a 12x forward P/E suggests Goldman Sachs could trade near $844/share by 2027. That represents about 12% total upside from today, or roughly 5.5% annualized returns.
While this points to solid progress, it already assumes continued margin discipline and gradual recovery in capital markets. To unlock stronger upside, Goldman would need to see a sharper rebound in advisory and trading activity or faster growth in recurring revenue from wealth management.
For investors, Goldman looks like a dependable long-term financial compounder. The path to outsized gains, however, depends on management’s ability to sustain earnings growth and expand margins in a slower-growth environment.
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