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Bank of America Maintains Buy Rating on Goldman Sachs with $700 Price Target
Bank of America Maintains Buy Rating on Goldman Sachs with $700 Price Target
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Bank of America reaffirmed its bullish stance on Goldman Sachs (NYSE:GS), maintaining a Buy rating and setting a $700 price target—implying a 12% upside from Wednesday''s close of $624.17. Analyst Ebrahim Poonawala highlighted the bank''s resilience through economic cycles, including the 2008 financial crisis and the Volcker era, as evidence of its adaptive DNA.
The report emphasizes Goldman Sachs'' unique blend of scale and flexibility, qualities that position it to thrive in evolving markets. Investors responded cautiously, edging shares slightly higher in Thursday trading.
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