Goldman Sachs Lowers Evercore Price Target to USD 331

Goldman Sachs has lowered its price target for Evercore Inc. (ISIN US29977A1051, ticker EVR) to USD 331 from USD 377, marking a 12.20% reduction. The adjustment, announced on October 1, 2026, comes despite the firm maintaining a Buy rating for the stock. This new target is also below the USD 359.17 consensus target reported by Markets Insider on October 5, 2026, indicating a more cautious outlook among analysts.

Evercore's stock was trading at EUR 239.90 on October 6, 2026, at 4:04 p.m. CEST on Lang & Schwarz, though a prior-close comparison was not available. The company's market capitalization stood at USD 10.5 billion on the same day, with its primary listing on the NYSE.

The revised valuation comes amid mixed financial performance. Evercore reported USD 990.2 million in revenue for the second quarter of 2026, up 19% year-over-year. However, net income fell 2% to USD 95.3 million, and the profit margin dropped to 9.6% from 12% due to rising expenses. This mix of strong revenue growth and weaker earnings conversion highlights the challenges facing the advisory model.

The company operates in both investment management and investment banking, providing diversification beyond transaction fees. As of October 6, 2026, seven of 11 analysts rated the shares as Buy, suggesting a divided but still constructive research backdrop.