From Yahoo Finance: 2025-06-13 21:29:00

Bank of America reaffirms Buy rating on Goldman Sachs, predicts stock surge to $700 per share. Analyst highlights firm’s ability to adapt to changing conditions, cites strong trading revenue and client relationships as key strengths. GS has surged by nearly 7% since the start of 2025.

With a price target set at $700 per share, Bank of America remains bullish on Goldman Sachs due to its track record of weathering challenging periods and strong trading revenue. Analyst Ebrahim Poonawala predicts ongoing strength in the bank’s trading revenue and reduced risk from potential credit volatility.

Goldman Sachs is considered one of the best stocks for a retirement portfolio, offering a 12% gain potential from its current price. The bank’s ability to evolve and adapt to changing conditions, along with its strong trading revenue and client relationships, make it an attractive investment option for investors.

Read more: Bank of America Bullish on Goldman Sachs, Predicts Surge to $700