On July 15, 2026, Wells Fargo (NYSE: WFC) analyst Mike Mayo set a new price target for Goldman Sachs (NYSE: GS) at $1,325.00. Goldman Sachs is a leading global investment banking and financial services firm. It competes with other major banks like JPMorgan Chase (NYSE: JPM). The new target suggests a potential 16.23% increase from its trading price of $1,140.00 at the time.
This optimistic view is supported by the company's recent performance, driven by the artificial intelligence boom. As highlighted by CNBC, both Goldman Sachs and its competitors are benefiting from AI-related activities in trading and investment banking. This surge helped Goldman Sachs increase its revenue by 39% to $20.30 billion for the quarter.
The company's second-quarter earnings report showed significant strength. Goldman Sachs reported earnings of $20.98 per share, easily beating analyst expectations of $14.40, as noted by Benzinga. Net revenue, which is the total income from its operations, also surpassed estimates, coming in at $20.34 billion against a forecast of $16.13 billion.
Following the strong earnings, the market reacted positively. The stock price for Goldman Sachs jumped 9.00% in a single day to reach $1,140.00. During the session, it set a new 52-week high of $1,143.79. This is a significant climb from its 52-week low of $691.30, showing strong upward momentum in the financial markets.
