• The average price target for Goldman Sachs (NYSE:GS) has increased over the past year, indicating a positive shift in analyst expectations.
• The upward revision in price targets over the quarters reflects growing confidence in Goldman Sachs' performance and prospects.

The Goldman Sachs Group, Inc. (NYSE: GS) is a leading global investment banking, securities, and investment management firm. It operates in various segments, including Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. As a major player in the financial industry, Goldman Sachs competes with other banking giants like JPMorgan Chase and Morgan Stanley.

Goldman Sachs has experienced a notable upward trend in its consensus price target over the past year. Last month, the average price target was $874.33, reflecting positive sentiment among analysts.

Three months ago, the average price target for Goldman Sachs was $832.56. The increase over the quarter suggests growing confidence in the company's prospects. Analysts on Wall Street expect Goldman Sachs to report earnings per share of $11.67 and revenue of $13.79 billion, according to LSEG, which may have contributed to the positive outlook.

A year ago, the average price target stood at $758.76. The significant rise to the current target indicates a strong positive shift in analyst expectations. This could be attributed to Goldman Sachs' performance across its various segments and the increased demand for loans, as reported by Reuters, which has boosted the bank's profits.

Overall, the upward trend in the consensus price target for Goldman Sachs suggests growing confidence in the company's ability to deliver value to its shareholders. Investors should watch for upcoming earnings reports and company announcements, as these could further influence analyst opinions and price targets.