Goldman Sachs cuts target for Evercore stock to USD 331

Published on 10/02/2026 at 17:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Goldman Sachs sets USD 331 target, down from USD 377. Evercore stock costs EUR 232.40 on October 2, 2026 versus EUR 230.30, plus 0.91 percent.

EVR, US29977A1051, Illustration mit AI erstellt.

Evercore (ISIN US29977A1051) was trading at EUR 232.40 at Lang & Schwarz on October 2, 2026 at 5:08 p.m. CEST, up 0.91 percent versus the prior close of EUR 230.30. Goldman Sachs lowered its Evercore price target to USD 331 from USD 377 on October 1, 2026, as Markets Insider reported.

Goldman cuts target to USD 331

The USD 46.00 reduction equals 12.20 percent from Goldman Sachs' former target, while the bank kept a Buy rating on the shares, according to Markets Insider on October 1, 2026. The revised target remains above the NYSE quotation, but the cut makes operating performance and deal activity more important to the valuation discussion.

Second-quarter figures set the baseline

Evercore delivered adjusted earnings per share of USD 2.91 and revenue of USD 990.2 million in the second quarter of 2026, according to Investing.com on September 24, 2026. Adjusted earnings per share exceeded the USD 2.87 consensus, while revenue topped the USD 950.85 million expectation, giving investors a quantified counterpoint to the lower target.

The same report said Evercore hired senior bankers Jean Stack and John Song from Robert W. Baird & Co. for its aerospace, defense, and government services businesses. The staffing move adds capacity in advisory areas that can influence future revenue, although the source also cited expense concerns behind BofA Securities' separate target reduction to USD 389 from USD 435.

Stock stays below the yearly high

On the NYSE, Evercore was last at USD 260.02 at 11:19 a.m. EDT on October 2, 2026. Its 52-week range was USD 251.13 to USD 388.71, while market capitalization stood at USD 10.1 billion on the same date.

Evercore stock after the Xetra close

Evercore stock was trading at EUR 232.40 at Lang & Schwarz on October 2, 2026 at 5:08 p.m. CEST, after the Xetra close, with a plus 0.91 percent change versus the Lang & Schwarz prior close of EUR 230.30 on October 1, 2026. Evercore identifies itself as a global independent investment banking advisory firm and lists NYSE: EVR on its investor-relations site, which also dates the second-quarter earnings call to July 29, 2026.