Goldman Sachs (GS) stock climbed higher today after the financial firm reported strong Q4 earnings. Adjusted earnings per share of $11.95 beat Wall Street’s estimate of $8.21. It’s also a significant 118% boost year-over-year compared to $5.48 per share. Goldman Sachs contributes its growth to ongoing client support and the execution of strategic priorities.
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Q4 revenue of $13.869 billion was another win for GS investors as it beat analysts’ $12.36 billion estimate. It also represents a 22.5% increase year-over-year from $11.318 billion. The company highlights a 33% increase in Global Banking & Markets revenue, a 24% jump in investment banking fees, a 35% growth in FICC revenue, and a 32% boost in Equities revenue in Q4.
GS stock is up 1.74% alongside its latest earning results. This is welcome news for investors as the company’s shares had a rough start to 2025 with a 0.19% drop year-to-date.
What’s Next for Goldman Sachs?
Goldman Sachs chairman and CEO David Solomon looks forward to creating further shareholder value. He also points out that the company has met or exceeded targets set five years ago to grow the firm. That includes increasing revenue by almost 50% over that period.
Further insight into Goldman Sach’s upcoming plans will be revealed during its conference call covering Q4. The company will hold this call at 9:30 am ET and will discuss its outlook for 2025 while also providing a progress update to investors.
Is GS Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Goldman Sachs is Moderate Buy based on 11 Buy and five Hold ratings over the last three months. With that comes an average price target of $638.80, a high of $736, and a low of $550. This represents a potential 11.77% upside for GS shares. These ratings and price targets will likely change as analysts update their coverage following the company’s Q4 earnings.
