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Argus Research Maintains Buy on Goldman Sachs (GS), Sets $1066 Target after Q1

The Goldman Sachs Group, Inc. (NYSE:GS) is included among the 10 Best Dow Stocks to Invest in Now.

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On April 14, Argus Research maintained a Buy rating on The Goldman Sachs Group, Inc. (NYSE:GS). It also set a $1066 price target following its Q1 results. The firm pointed to strong activity in investment banking during the quarter. It noted that recent geopolitical events could slow momentum in the near term. Still, it expects a more durable rebound in the segment as CEO confidence improves and lower interest rates support more favorable financing conditions, the analyst said in a research note.

Also on April 14, Reuters reported that Goldman Sachs’ asset management division plans to launch its first cryptocurrency exchange-traded fund in the coming months, citing a filing with the U.S. Securities and Exchange Commission. The ETF is designed to provide exposure to bitcoin’s price and generate income from bitcoin options transactions. The move comes shortly after Morgan Stanley introduced its own spot bitcoin fund, the Morgan Stanley Bitcoin Trust ETF.

Both banks are rolling out these products in a challenging environment for cryptocurrency investments. Prices have declined in recent months, with weaker risk sentiment tied to volatility in precious metals, a broad selloff in technology stocks, and the U.S.-Israeli conflict involving Iran.

The Goldman Sachs Group, Inc. (NYSE:GS) operates as a global financial institution, offering a wide range of services to corporations, financial institutions, governments, and individuals. Its business segments include Global Banking & Markets, Asset & Wealth Management, and Platform Solutions.

While we acknowledge the risk and potential of GS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GS and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: Top 10 Reddit Stocks That Will Skyrocket and 12 High Dividend Stocks Picked By Billionaire Ray Dalio

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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