UBS Lowers Goldman Sachs (GS) Target Despite Stable Long-Term Estimates

The Goldman Sachs Group, Inc. (NYSE:GS) is included among the 15 Best Cheap Dividend Stocks to Buy.

UBS Lowers Goldman Sachs (GS) Target Despite Stable Long-Term Estimates

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On April 7, UBS lowered its price recommendation on The Goldman Sachs Group, Inc. (NYSE:GS) to $930 from $990. It kept a Neutral rating on the shares. The change came as part of a broader Q1 preview across large-cap banks and consumer finance names. The firm adjusted its targets but said its estimates for 2026 and 2027 remain mostly unchanged, even after reducing expected rate cuts from two to one in 2026. The analyst noted that the year-to-date selloff in the sector “could unearth some opportunities, especially given strong momentum” in direct lending, capital markets, and deregulation, according to a research note.

On April 2, Reuters reported that Goldman Sachs completed its acquisition of Innovator Capital Management, an active exchange-traded fund provider. The deal expands the bank’s presence in the fast-growing active ETF space. These products have been gaining traction as investors look for lower costs and more flexible strategies, especially at a time when some passive index products have delivered weaker returns.

Goldman Sachs had said in December that it would acquire Innovator Capital, which managed 171 ETFs with about $31 billion in assets, in a deal valued at roughly $2 billion. The firm said more than 70 employees from Innovator will join its asset management unit. With the addition, Goldman’s ETF platform now includes around 240 funds with $90 billion in assets.

Innovator focuses on defined outcome strategies that use options to limit downside risk while capping gains. This approach has been attracting interest, particularly from pre-retirement and retired investors focused on capital preservation. The firm added that the defined outcome ETF market, estimated at about $70–$80 billion, is growing faster than traditional ETFs as investors look for different ways to manage shifting market correlations.

The Goldman Sachs Group, Inc. (NYSE:GS) is a global financial institution that provides a wide range of services to corporations, financial institutions, governments, and individuals. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions.

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