ℹ️ How are these calculated?
🎯 Investment Thesis
Goldman is the premier investment bank for the AI era — advising on every major AI IPO, M&A deal, and infrastructure financing. Record 2025 earnings with trading and IB firing on all cylinders. At 14x forward PE, cheap for a franchise this dominant. 8% below ATH ($985) after today's 4.2% drop creates a better entry. Stock doubled from $439 low — momentum is strong despite the pullback.
⚠️ Key Risk
Fell 4.2% today — sharp one-day decline. At $905, still near highs after a massive run from $439. Trading revenue is volatile and can swing dramatically quarter-to-quarter. M&A/IPO pipeline sensitive to market conditions. Consumer banking (Marcus) has been a drag. Regulatory risk always present for bulge bracket banks.
By The Numbers
Event Impact
AI infrastructure deal advisory (IPOs, M&A). Goldman advising on AI company transactions.
Geopolitical volatility drives trading revenue. Commodities desk benefits from oil spikes.
Quantum computing research for trading algorithms and risk management.
International banking operations. China uncertainty reduces cross-border deal flow.
Trading revenue directly tied to rate volatility. Fixed income desk benefits from yield curve moves. M&A/IPO advisory revenue improves with lower rates (more deal activity). 2% dividend yield.
Financing energy infrastructure projects. Underwriting green bonds and grid project financing.
Primary dealer for Treasury issuance. Rising government debt = more bond trading revenue. Fiscal uncertainty drives market volatility that benefits trading.
Price Targets
Upcoming Catalysts
Competitive Landscape
Company Background
Founded 1869 by Marcus Goldman. The most prestigious name in investment banking. Under CEO David Solomon, pivoted back to core strengths (IB, trading) after the failed consumer banking experiment.