Citigroup Cuts Goldman Sachs Price Target to $1,050 Amid Acquisition Concerns

Citigroup has reduced its price target for Goldman Sachs Group (GS) from $1,200 to $1,050 in a report released on Wednesday. This move reflects Citigroup's neutral rating on GS stock, suggesting that investors may see a potential upside of 11.67% from the current price.

The Goldman Sachs Group has been the subject of various research reports recently, with some analysts revising their price targets and ratings. BMO Capital Markets raised its target for GS shares to $1,190, while Jefferies Financial Group set a target price of $1,299. Barclays boosted its objective from $1,048 to $1,245.

The company's stock performance has been mixed, with shares trading down $9.19 during midday trading on Wednesday at $940.30. The firm's market capitalization stands at $273.79 billion, and it has a debt-to-equity ratio of 3.17. Goldman Sachs Group reported earnings per share of $20.98 in its latest quarter, exceeding analysts' estimates.