RESEARCH REPORT
Goldman Sachs Group, Inc. (The)
GS
$894.55
As of 2026-11-02
Research note — 2026-11-02. Educational analysis, not financial advice.
The one-line version
Goldman Sachs Group, Inc. (The) trades near $894.55 on a trailing multiple of about 12.9x versus its own 5-year median near 12.5x, against contested Street targets and the usual concentration and execution risks. That's the tension. Everything below is the detail.
That's the tension. Everything below is the detail.
1. What you're paying
| Now | Its own 5-year median | Gap | |
|---|---|---|---|
| P/E (trailing) | ~12.9 | ~12.5 | +3% |
| P/E (forward) | ~12.1 | — | — |
| EPS (TTM) | 69.55 | — | — |
| Gross margin | 81.3% | — | — |
What that means in plain terms: the gap versus the company's own history is the growth or durability the market is already pricing. It is not automatically wrong — it is the bet.
Fair-value anchors on file:
- 5-year median P/E multiple: $866.32 — Applies the 5-year median multiple (12.5x) to trailing EPS.
- Street mean target: $1,031.14 — Average published analyst target.
- Street target midpoint: $990.00 — Midpoint of $730.00–$1,250.00 published range.
Street targets run from $730.00 to $1,250.00. A wide spread means the name is contested, not consensus.
2. What the bulls are counting on
- Wall Street Week Ahead
- GS flags interest rates and AI disruption as risks to long-term equity demand
- Dow Jones Biggest Decliners in the Oct. 30, 2026 Session
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Bull case, bear case, assumptions, and what to watch next.
3. What the bears see
- Dow Jones Top Losers: Oct. 30, 2026 Session
- Goldman Sachs Revises China Jewelry Stocks Amid Gold Price Retreat
- CoStar Group (CSGP) Stock Fair Value Edges Lower As Analysts Flag Execution Risk
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Bull case, bear case, assumptions, and what to watch next.
4. What would have to be true
For the stock to justify ~12.9x rather than its 5-year ~12.5x, roughly all of the following need to neutral:
- Growth or margin durability shows up in the next several reports, not just in narrative.
- Key revenue concentrations survive competitive and regulatory pressure.
- Execution on the current product or services cycle stays on schedule.
- The Street target range compresses as results clarify the contested assumptions.
Ask yourself honestly: how many of those would you bet on individually? Multiply your answers together.
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Bull case, bear case, assumptions, and what to watch next.
5. What to watch next
- Next earnings date: 1800365400
- Trailing and forward multiples versus the company's own history
- Segment growth rates in the next 10-Q / earnings release
- Material Form 4 and 13F changes
- Whether the Street high-to-low target spread narrows or widens
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Bull case, bear case, assumptions, and what to watch next.
6. What this note does not do
It doesn't tell you to buy or sell. It won't, ever.
You have the valuation in context, the strongest version of both cases, and the specific assumptions the current price depends on. What you do with that depends on your time horizon, your existing exposure, your risk tolerance, and what else you could do with the money — none of which we know.
If you want someone to tell you what to do, you want a licensed financial adviser, and that is a genuinely reasonable thing to want.
Educational and informational purposes only. Not investment advice and not a recommendation to buy or sell any security. GetStockReport is not a registered investment adviser. Figures are as of 2026-11-02 and go stale quickly — verify against primary sources before acting. All investments carry risk including loss of principal. Past performance does not guarantee future results.
8. Analyst ratings & targets
No recent activity
Analyst opinions change frequently. Past upgrades do not predict future returns.
9. Important news
Nov 4, 2026|Ex-Goldman ETF Pro Thinks He Built The Best Fund For This Market(Yahoo)
In 2020, the SEC gave ETFs a green light to use derivatives more efficiently. This spurred a new wave of funds.
Nov 4, 2026|5 Best Dividend Stocks for Long Term Growth(Yahoo)
Dividend stocks have been lagging the broader market for a while, though that may be changing. The S&P 500 Dividend Aristocrats index is up over 7% in October to date, compared to just under 1% for the S&P 500. Market volatility has been a factor in this shift. The semiconductor stocks and other AI-related names […]
Nov 4, 2026|Goldman Sachs’ $675 Target Says AMD’s Selloff Went Too Far(Yahoo)
Key TakeawaysGoldman Sachs trimmed its AMD price target to $675 from $700 and kept its Buy rating, a target 40% above Tuesday’s close. AMD shares are 28% below their October high after worries over AI spending and Intel’s weak PC guidance, even as AMD now expects revenue to grow more than 80% in 2027.
Nov 4, 2026|Bernstein Cuts Price Targets on Seven Bitcoin Miners After Democrats’ Texas Win Threatens AI Data Center Boom(Yahoo)
Research firm Bernstein cut its target prices on seven Bitcoin (CRYPTO: $BTC) miners by as much as 54% on Wednesday...
Nov 4, 2026|Post-Election AI Infrastructure And Data Center Rethink(SeekingAlpha)
Explore how U.S. data center and AI infrastructure spending may shift by 2030, with policy, power, and supply chain risks shaping investment decisions. Click for more.
News headlines are reported as-is. Verify important claims with original sources.
10. Insider Form 4 activity
| Date | Executive | Action | Shares | Value |
|---|---|---|---|---|
| Oct 27, 2026 | LESLIE ERICKA T (Chief Administrative Officer) | Sell | 40 | $36,385.2 |
| Oct 27, 2026 | LESLIE ERICKA T (Chief Administrative Officer) | Sell | 52 | $47,382.92 |
| Oct 27, 2026 | LESLIE ERICKA T (Chief Administrative Officer) | Sell | 58 | $52,909.34 |
| Oct 28, 2026 | LESLIE ERICKA T (Chief Administrative Officer) | Sell | 100 | $92,628 |
| Oct 23, 2026 | WALDRON JOHN E. (President and COO) | Sell | 73,265 | — |
| Oct 23, 2026 | WALDRON JOHN E. (President and COO) | Sell | 40,516 | $36.1M |
| Oct 23, 2026 | WALDRON JOHN E. (President and COO) | Sell | 73,265 | — |
| Oct 23, 2026 | SOLOMON DAVID M (Chairman of the Board and CEO) | Sell | 109,896 | — |
Form 4 filings are routine transactions. Scheduled sales (10b5-1 plans) are normal and not signals.
11. Institutional 13F holdings
| Fund | Shares | Position | Change |
|---|---|---|---|
| Vanguard Group | 26,142,744 | $23.0B | — |
| State Street | 18,830,464 | $19.0B | — |
| BlackRock | 18,975 | $8.6B | — |
| BlackRock Institutional Trust | 2,481,675 | $594.2M | — |
These are 45-day lagged filings (SEC requirement). Position changes happened in the past.
12. Earnings this week
No recent activity
Earnings dates are estimates and may shift. EPS estimates are consensus, not predictions.