JPMorgan raised its price target on Goldman Sachs to $900 from $826 while maintaining a Neutral rating, citing expectations for strong trading-driven second-quarter results. The firm believes consensus estimates for global investment banks will move higher ahead of earnings, with the second quarter potentially becoming the second-best revenue quarter on record. Separately, Reuters reported that Goldman Sachs has managed over $1 trillion in announced mergers and acquisitions so far in 2026, a record pace for any investment bank in a six-month period. The milestone follows the bank's role as lead left underwriter for SpaceX's initial public offering and as co-financial advisor to Dominion Energy in its $66.8 billion sale to NextEra Energy.
Dominion Energy Inc
Nextera Energy IncGoldman Sachs Group IncJPMorgan raised price target to $900 citing strong trading outlook; also reported record M&A volume and key deal roles.
JPMorgan Chase & Co