Goldman Sachs Group Inc. (NYSE: GS) is finishing the first week of December trading near all‑time highs, with investors digesting fresh deal news, institutional repositioning, and a growing disconnect between the share price and Wall Street’s average target.
As of the latest close on 5 December 2025, GS shares were trading around $854–855, up roughly 2% on the day and hovering at a new 52‑week high in the mid‑$850s. [1]
Below is a full rundown of the latest GS stock news, analyst forecasts and key drivers as of 7 December 2025.
GS stock today: price, valuation and performance snapshot
- Last close: $854.56 (Dec 5, 2025), with after‑hours trading roughly flat around $854.65. [2]
- 52‑week range: $439.38 – $856.20, meaning GS is currently trading essentially at its 12‑month high. [3]
- Market capitalization: About $268 billion. [4]
- Trailing P/E ratio: ~17.3, with forward P/E around 15.8, indicating a premium to many traditional banks but in line with high‑quality capital markets franchises. [5]
- Dividend: $4.00 quarterly, or $16.00 per year, for a yield just under 2% at current prices; the latest ex‑dividend date was 2 December 2025. [6]
According to data compiled by StockAnalysis, 14 analysts currently rate GS as a “Hold”, with an average 12‑month price target of $748.77 – about 12% below the current share price, implying that many on Wall Street believe the stock has run ahead of fundamentals in the near term. [7]
At the same time, algorithmic and technical services point to a strong uptrend: Intellectia notes that GS’s moving‑average configuration shows 0 negative and 4 positive signals, and its model classifies GS as a “Strong Buy candidate” over the next few weeks. [8]
Today’s headlines (7 December 2025): institutional holders reshuffle GS positions
Two notable institutional filings published on 7 December 2025 signal portfolio fine‑tuning rather than a broad exit from GS:
Dnca Finance cuts stake by 26.2%
- Dnca Finance reduced its stake in Goldman Sachs by 26.2% in Q2, selling 8,500 shares and leaving 24,000 shares worth roughly $17.0 million.
- GS still represents about 1.3% of Dnca’s portfolio and remains the firm’s 25th‑largest holding. [9]
The same filing reiterates that GS has just delivered a strong quarter, with earnings per share of $12.25 versus $10.27 expected and revenue of $15.18 billion, up 19.5% year‑on‑year, alongside the $4.00 quarterly dividend. [10]
Cerity Partners trims GS, but institutional ownership remains dominant
- Cerity Partners LLC trimmed its GS stake by a modest 1.1%, selling 1,905 shares, and now holds 175,609 shares valued at about $124.3 billion (typo in the article aside, at current prices that’s roughly $150 million in economic value). [11]
- The filing highlights that institutional investors and hedge funds collectively own around 71% of GS’s outstanding shares, underscoring the stock’s status as an institutional favorite. [12]
Both filings also compile recent analyst commentary, pointing to a cluster of price targets in the mid‑$700s to mid‑$800s and a consensus “Hold” stance – consistent with the broader Street picture. [13]
Recent news moving GS stock: deals, expansion and cost discipline
1. $2 billion Innovator Capital ETF acquisition
On 1 December 2025, Goldman Sachs announced a $2 billion cash‑and‑stock deal to acquire Innovator Capital Management, a sponsor of “defined outcome” and other actively managed ETFs. [14]
Key points:
- Innovator oversees about $28 billion across 159 ETFs, focusing on buffered downside, income and growth strategies. [15]
- Global assets in active ETFs have reached roughly $1.6 trillion, growing at a 47% compound annual rate since 2020, according to Morningstar data cited by Goldman. [16]
- The deal is expected to close in Q2 2026 and will fold Innovator’s team into Goldman Sachs Asset Management’s ETF and wealth divisions. [17]
For GS shareholders, the acquisition extends the firm’s reach into one of the fastest‑growing corners of asset management, and it dovetails neatly with Goldman Sachs Asset Management’s 2026 outlook, which highlights active ETFs, alternatives and “enhanced passive” strategies as core tools for portfolio construction. [18]
2. Expansion in Birmingham and UK digital infrastructure push
In late November, GuruFocus reported that Goldman Sachs plans to double its workforce in Birmingham, UK, adding roughly 500 roles and committing “several billion pounds” to financing UK artificial‑intelligence and digital‑infrastructure projects. [19]
The piece underlines:
- A longer‑term strategy of shifting toward fee‑based asset and wealth management alongside the traditional investment‑banking franchise. [20]
- A relatively high valuation, with P/E, price‑to‑sales and price‑to‑book ratios near the upper end of their recent range – a point that could matter if earnings momentum slows. [21]
3. AI‑driven cost cuts and internal restructuring
Another GuruFocus article from mid‑October notes that Goldman is planning additional job cuts as it integrates artificial intelligence across its operations, aiming for higher productivity and cost savings. [22]
Notably:
- Despite cuts, the firm still expects its overall headcount to be higher by year‑end, implying a mix shift rather than outright downsizing. [23]
- The article flags high leverage and premium valuation as risk factors, with financial‑strength scores at the low end of their internal scale. [24]
Taken together, these developments paint a picture of a bank trying to grow capital‑light, fee‑generating businesses (ETFs, wealth management, UK digital finance) while using AI and restructuring to bolster margins.
Wall Street view: GS stock ratings, targets and earnings
Consensus: “Hold” with downside from current levels
Across major data providers, the core Street message is cautious:
- Average 12‑month target: $748.77
- Implied downside from ~$855 spot price: ≈12%
- Consensus rating: “Hold” based on 14 analysts tracked by StockAnalysis. [25]
MarketBeat’s coverage of GS’s 52‑week high reiterates a similar picture: multiple brokers have lifted their targets into the $800–$890 range, but the aggregate consensus target remains around $786, still below the current price. [26]
Earnings momentum: strong rebound in 2025
The most recent quarter (reported in October) showed:
- EPS: $12.25 vs. $10.27 expected.
- Revenue: $15.18 billion, up about 19.5% year‑on‑year.
- Full‑year 2025 EPS forecast: Around $47–48 per share according to analyst models collated by MarketBeat and other aggregators. [27]
That rebound follows a multi‑year earnings recovery: Intellectia’s back‑test notes that GS’s stock price rose 11.4% in 2023, 47.5% in 2024 and roughly 48.6% so far in 2025, making it one of the standout performers among large global banks. [28]
Next catalyst: Q4 and 2026 guidance in January
The next scheduled earnings release is currently expected on 14 January 2026, when management will update investors on 2026 revenue drivers, expense discipline and capital return. [29]
With the stock trading above most price targets, that call is likely to be a major inflection point: either validating the rerating with stronger‑than‑expected guidance or reinforcing analyst concerns about stretched valuation.
Technical picture and algorithm‑based GS stock forecasts
Beyond traditional analyst research, several quantitative and crypto‑style platforms publish model‑driven GS forecasts. These are not fundamental recommendations, but they do show how systematic models are reading the tape today.
Short‑term technicals: still bullish, but crowded
Intellectia’s December 7 update highlights: [30]
- Moving averages: GS’s 20‑day simple moving average sits above its 60‑day average, signaling a strong uptrend.
- Support and resistance:
- Support zones around $707–$746.
- Resistance zones around $872 and $911 – roughly 2–7% above current prices.
- Short interest: A short‑sale ratio above 29% of daily turnover as of 5 December, with price rising from $837.83 to $854.56, suggesting some traders are positioning for a pullback even as the trend remains positive.
Intellectia’s multi‑factor model (technical signals, moving averages, short interest, seasonality and pattern matching) concludes that GS is a “Strong Buy candidate” for the next few days to weeks, while labeling the overall technical picture as “Neutral” because several overbought indicators are flashing. [31]
Quant price targets: modest near‑term downside, long‑term upside
CoinCodex’s machine‑learning‑driven forecast gives a somewhat more cautious near‑term view but still projects substantial long‑term growth: [32]
- Tomorrow: Model price of $854.56 – effectively flat versus today.
- Next week: Forecast around $834, implying a ~2–3% pullback.
- 1‑year ahead:$810, about 5% below current levels.
- 2030 range: Approximately $1,026–$1,879 per share, with their central scenario above $1,700, implying the potential for a double over five years if the model proves correct.
CoinCodex’s framework is heavily technical and statistical; it explicitly warns that these outputs are not investment advice and are subject to large uncertainty, especially over long horizons. [33]
Macro backdrop: how Goldman’s own 2026 outlook frames GS stock risk
Goldman’s internal research and asset‑management teams have released several pieces in late 2025 that indirectly matter for GS shareholders because they shape client positioning, deal activity and trading flows.
Fed path and rates in 2026
In a 3 December note, Goldman Sachs Research laid out a “base case” for US monetary policy: [34]
- The Fed is expected to finish 2025 with another rate cut in December, then pause in January 2026.
- Further cuts are projected in March and June 2026, taking the federal funds rate down to 3.0–3.25% (from around 3.75–4.0% now).
- US GDP growth is forecast to reaccelerate to 2.0–2.5% in 2026, helped by easing financial conditions and fading tariff impacts.
For GS, lower but still positive rates typically support:
- Investment‑banking and M&A: A healthier deal environment as financing costs fall.
- Trading and markets: Active repositioning by clients around the path of cuts.
- Asset and wealth management: A constructive backdrop for risk assets if growth holds up.
GS Asset Management’s “Seeking Catalysts Amid Complexity” outlook
Goldman Sachs Asset Management’s Investment Outlook 2026 emphasizes: [35]
- A complex, catalyst‑driven environment, with central‑bank policy, geopolitics, AI and trade realignment driving volatility.
- A focus on active ETFs, alternatives, tail‑risk hedging and thematic investments (including energy transition and digital infrastructure).
Strategically, this aligns almost point‑for‑point with GS’s recent corporate moves:
- The Innovator acquisition expands GS’s active ETF offering. [36]
- The Birmingham expansion and UK AI/digital‑infrastructure financing push map directly to the AI and infrastructure megatrends highlighted in the outlook. [37]
- The AI‑driven job cuts reflect the same theme of automation and efficiency discussed in Goldman’s macro work. [38]
For investors, this coherence between strategy, macro views and capital allocation is a positive signal – but it also raises the stakes if those macro views turn out to be wrong.
Key risks and what GS stock watchers should monitor next
Even with the stock near record highs, GS is not a straightforward “momentum only” story. The latest research and filings highlight several watch‑points:
- Valuation vs. Street targets
- GS trades at a premium to its historical multiples and well above the average analyst target, with consensus implying low‑double‑digit downside over 12 months. [39]
- If revenue normalizes or trading/M&A volumes disappoint, the multiple could compress.
- Leverage and financial‑strength scores
- GuruFocus flags high leverage and relatively weak balance‑sheet strength scores, even while profitability and margins remain strong. [40]
- Regulatory and macro shocks
- Goldman’s own macro team points to labor‑market weakness and AI‑driven job displacement as potential triggers for deeper rate cuts and consumer‑spending slowdowns – both of which could hit bank earnings if credit quality deteriorates. [41]
- Execution on strategic pivots
- The Innovator ETF acquisition, UK expansion and AI deployment projects all involve execution risk. Delays, integration challenges or regulatory pushback could erode the expected returns. [42]
- Positioning and short interest
- With GS up more than 40% year‑to‑date and short‑interest ratios rising, any disappointment in earnings or macro data could trigger a sharp, sentiment‑driven pullback, even if the long‑term story remains intact. [43]
Bottom line: GS stock on 7 December 2025
As of 7 December 2025, Goldman Sachs stock is priced for a lot to go right:
- It sits near a record high, with three years of strong share‑price gains. [44]
- Fundamental momentum is solid, thanks to robust 2025 earnings, a resurgent deal pipeline and expanding asset‑management and ETF franchises. [45]
- Yet most human analysts still rate GS as a “Hold” with double‑digit downside to their targets, even as quant models remain impressed by the trend. [46]
For traders and long‑term investors tracking GS, the next big checkpoints are likely to be:
- The January 2026 earnings call,
- The closing and integration progress of the Innovator deal, and
- The trajectory of Fed cuts and global dealmaking through 2026.
References
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