JPMorgan raises target for Goldman Sachs stock from USD 955 to USD 970

Published on 10/20/2026 at 11:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

JPMorgan kept a neutral rating after third-quarter results. Goldman Sachs stock costs EUR 780.10 on October 20, 2026 during Berlin trading.

Results and shareholder returns

JPMorgan set a USD 970.00 target after raising it from USD 955.00 on October 16, 2026.
Third-quarter net revenues reached USD 18.68 billion, up 23.00 percent year over year.
Goldman Sachs stock was trading at EUR 780.10 at 11:35 a.m. CEST at Lang & Schwarz on October 20, 2026.
The company declared a USD 5.00 dividend payable on December 30, 2026.

Soft watercolor painting of the Lower Manhattan financial district skyline viewed from across the harbour, pastel tones of pink, blue and ivory blending in wet-on-wet washes with impressionistic reflections in calm water below — Goldman Sachs US38141G1040 zeigt Lower Manhattan Skyline als Aquarell in weichen Pastelltönen, Illustration mit AI erstellt.

Goldman Sachs (US38141G1040) became the subject of a higher JPMorgan target on October 16, 2026, when the bank lifted its price objective from USD 955.00 to USD 970.00 while keeping a neutral rating, MarketBeat reported. The move followed Goldman Sachs' third-quarter results, which showed strong year-over-year revenue growth but lower earnings than in the second quarter.

Target rises after strong results

Goldman Sachs reported USD 18.68 billion in net revenues and USD 5.29 billion in net earnings for the third quarter ended September 30, 2026. Diluted earnings per share were USD 17.01, compared with USD 12.25 in the third quarter of 2025 and USD 20.98 in the second quarter of 2026.

The comparison is favorable over twelve months but weaker sequentially. Net revenues rose 23.00 percent from the third quarter of 2025 while falling 8.00 percent from the second quarter. Annualized return on common equity was 18.70 percent for the quarter, giving investors a profitability measure alongside the target revision.

What does the target mean?

The target change leaves JPMorgan's neutral stance intact, so the update is a valuation reference rather than a direct upgrade. Goldman Sachs' third-quarter equities revenue reached USD 6.44 billion, up 72.00 percent from a year earlier, while Global Banking and Markets revenue reached USD 13.46 billion, up 32.00 percent year over year.

Three dated earnings markers

On April 13, 2026, Goldman Sachs reported first-quarter earnings per common share of USD 17.55. On July 14, 2026, second-quarter earnings per common share reached USD 20.98. On October 13, 2026, third-quarter earnings per common share were USD 17.01, with each reported result listed on the company's investor-relations page, Goldman Sachs.

Dividend dates are next

The next substantiated shareholder dates are December 2, 2026, for the record date and December 30, 2026, for payment of the declared USD 5.00 dividend per common share, according to MarketScreener. The payment schedule gives the earnings story a direct shareholder-return element.

Stock price stays central

Goldman Sachs was trading at EUR 780.10 at Lang & Schwarz on October 20, 2026 at 11:35 a.m. CEST. The primary listing is on the NYSE, where the stock was last quoted at USD 875.78 on October 19, 2026 at 4:00 p.m. EDT. The market capitalization was USD 255.0 billion as of October 19, 2026.

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