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JPMorgan Lifts Goldman Sachs (GS) Target, Expects Strong Trading-Driven Quarter
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The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational. The Goldman Sachs Group, Inc. (NYSE:GS) is included among the Top 12 Dividend Stocks to Buy According to Billionaire Cliff Asness. On June 12, JPMorgan raised its price recommendation on The Goldman Sachs Group, Inc. (NYSE:GS) to $900 from $826. It reiterated a Neutral rating on the stock. The firm expects consensus estimates for global investment banks to move higher ahead of second-quarter results, supported by strong trading performance. JPMorgan believes Q2 could become the second-best revenue quarter on record, trailing only the record-setting first quarter. In a research note, the analyst said trading has evolved into a “best execution pre/post trade platform business with the key driver being volatility driving activity levels.” The firm expects Goldman Sachs and Morgan Stanley to outperform when they report earnings. On June 16, Reuters reported that Goldman Sachs has managed more than $1 trillion in announced mergers and acquisitions so far in 2026. According to a LinkedIn post from the bank citing Dealogic data, the figure represents a record pace for any investment bank during the six months. The milestone follows Goldman Sachs’ role as lead left underwriter for SpaceX’s landmark initial public offering. The bank also served as co-financial advisor to Dominion Energy in its $66.8 billion sale to NextEra Energy, a transaction announced last month. The Goldman Sachs Group, Inc. (NYSE:GS) is a global financial institution that provides a broad range of financial services to corporations, financial institutions, governments, and individual clients. While we acknowledge the potential of GS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: Dividend Stock Portfolio: Top 10 Stocks to Buy According to Reddit and 12 Stocks From Companies Generating High Cash Flow Disclosure: None. Follow Insider Monkey on Google News.
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