TD Cowen sets USD 1,050 target for Goldman Sachs stock after coverage start

Published on 10/13/2026 at 11:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 20.34 billion, up 39.40 percent year over year. Goldman Sachs stock stood at EUR 810.40 on October 13, 2026.

Key points in brief

TD Cowen initiated Goldman Sachs coverage on October 8, 2026, with a Buy rating and a USD 1,050.00 price target.
Goldman Sachs reported USD 20.34 billion of revenue and USD 20.98 diluted earnings per share for the second quarter of 2026.
The stock was EUR 810.40 at Lang & Schwarz on October 13, 2026 at 11:21 a.m. CEST.
Goldman Sachs was scheduled to report third-quarter 2026 results before the market opened on October 13, 2026.

Flatlay mit Aktienzertifikat, ISIN-Karte, Kugelschreiber und Finanzdokumenten — Flatlay zeigt Aktienzertifikat und Karte für The Goldman Sachs Group Inc., Aktie US38141G1040, Finanzutensilien Schreibtisch, Illustration mit AI erstellt.

Goldman Sachs (ISIN US38141G1040) received a USD 1,050.00 price target from TD Cowen on October 8, 2026, when the firm initiated coverage with a Buy rating, according to Barchart. The target is a central test for the bank as its third-quarter results were scheduled for October 13, 2026.

Goldman Sachs builds on stronger quarters

Goldman Sachs reported diluted earnings per share of USD 17.55 for the first quarter of 2026 on April 13, 2026, according to Goldman Sachs. The figure set a periodized benchmark for the later quarter and came with annualized return on common equity of 19.80 percent.

For the second quarter ended June 30, 2026, Goldman Sachs reported revenue of USD 20.34 billion and diluted earnings per share of USD 20.98, according to Goldman Sachs. Revenue was up 39.40 percent from the year-earlier quarter, while annualized return on common equity reached 23.50 percent, above the 19.80 percent reported for the first quarter.

What does the target mean for valuation?

The USD 1,050.00 target sits above the latest primary-exchange reference of USD 893.95 from October 12, 2026, although the euro quote from Lang & Schwarz is the relevant German-market reference in this article. The target therefore frames the upcoming results around whether investment banking, trading and asset management can sustain the profit improvement already visible in the first half of 2026.

The second-quarter revenue comparison is the key operating measure: USD 20.34 billion versus USD 14.59 billion implied by a 39.40 percent increase from the year-earlier level. Diluted earnings per share also stood at USD 20.98, compared with USD 17.55 in the first quarter, giving investors a concrete sequence against which to assess the third quarter.

Results date sets the next marker

The Goldman Sachs Group was scheduled to announce third-quarter 2026 results before the market opened on October 13, 2026, with a conference call at 9:30 a.m. ET, according to MarketBeat. The reported quarter covers the period ended September 2026, making the revenue and earnings-per-share comparison the immediate measure of execution.

Goldman Sachs stock stays linked to earnings

At Lang & Schwarz, Goldman Sachs stock was trading at EUR 810.40 on October 13, 2026 at 11:21 a.m. CEST. The primary-exchange data showed a 52-week range of USD 740.01 to USD 1,153.99 and market capitalization of USD 263.7 billion as of October 12, 2026.

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