Freedom Broker cuts target to USD 1,100.00: Goldman Sachs stock gains 1.06 percent

Published on 10/26/2026 at 17:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 2026 revenue was USD 18.68 billion, up 23.00 percent. Goldman Sachs stock costs EUR 799.60 on October 26, 2026, 1.06 percent above Xetra close.

Analyst and earnings picture

Freedom Broker cut its Goldman Sachs target from USD 1,200.00 to USD 1,100.00 on October 23, 2026.
Third-quarter 2026 revenue reached USD 18.68 billion, up 23.00 percent year over year.
Goldman Sachs stock costs EUR 799.60 at Lang & Schwarz on October 26, 2026 at 5:04 p.m. CEST, 1.06 percent above the Xetra close of October 23, 2026.
The NYSE quote was USD 894.61, with a 12.86 P/E and USD 260.49 billion market capitalization on October 26, 2026.

Goldman Sachs, US38141G1040, Illustration mit AI erstellt.

Goldman Sachs (ISIN US38141G1040) faces a lower USD 1,100.00 target after Freedom Broker cut its objective from USD 1,200.00 and upgraded the stock from Hold to Buy on October 23, 2026, as MarketBeat reported. The stock was trading at EUR 799.60 at Lang & Schwarz on October 26, 2026 at 5:04 p.m. CEST, up 1.06 percent versus the Xetra close of October 23, 2026 at EUR 791.20.

Target reset follows strong quarter

Freedom Broker's new target is 22.96 percent above the NYSE quote of USD 894.61 at 12:08 p.m. EDT on October 26, 2026. The lower target still leaves a positive gap, but the cut from USD 1,200.00 shows that the upgrade did not remove valuation caution.

The same MarketBeat report said Goldman Sachs posted USD 17.01 adjusted earnings per share and USD 18.68 billion of revenue in the third quarter of 2026. Revenue increased 23.00 percent from the third quarter of 2025, while earnings exceeded the reported consensus of USD 12.86 per share.

Goldman Sachs stock below yearly high

The NYSE quote of USD 894.61 stood between the one-year low of USD 754.00 and high of USD 1,153.99 on October 26, 2026. MarketBeat reported a market capitalization of USD 255.08 billion and a P/E ratio of 12.60 on October 23, 2026, while the latest structured quote showed USD 260.49 billion and a 12.86 P/E on October 26, 2026.

The euro quotation gives German investors a separate trading view. Its 1.06 percent advance over the October 23 Xetra close does not convert the NYSE move into a euro return, because the two figures belong to different venues and currencies.

Valuation remains the key comparison

Goldman Sachs operates across investment banking, global markets, asset management, and consumer and wealth management. The latest quarter's USD 18.68 billion revenue and USD 17.01 adjusted earnings per share give the analyst target revision a current earnings backdrop rather than a purely technical explanation.

Comparison with peers

Goldman Sachs: up 2.16 percent, P/E 12.86, market capitalization USD 260.49 billion, NYSE.

Morgan Stanley: up 2.59 percent, P/E 14.72, market capitalization USD 290.43 billion, NYSE.

Blackstone: up 0.34 percent, P/E 26.13, market capitalization USD 136.24 billion, NYSE.

Euro quote after the Xetra close

Goldman Sachs stock was trading at EUR 799.60 at Lang & Schwarz on October 26, 2026 at 5:04 p.m. CEST, 1.06 percent above the Xetra close of October 23, 2026 at EUR 791.20. The next investor reference is the balance between the USD 1,100.00 target and the quarter's USD 18.68 billion revenue.

The further course of trading is shown by the continuously updated real-time quote of Goldman Sachs stock.