Goldman Sachs Sees Boost from Record M&A Pace and Upcoming IPOs

Goldman Sachs' stock price has surged by 26% since hitting its 52-week low of $744 per share in October 2025, largely due to macroeconomic pressures. However, with a current price of $942 per share and a 12.7 forward P/E ratio, the company is now trading at a relative discount.

The firm's strong earnings have been driven by its investment banking business, which saw revenue jump 20% in Q3 2025. With a record year for mergers and acquisitions, Goldman Sachs stands to benefit from its position as one of the premier investment banks in the world.

The company is set to generate significant fees from its role as lead advisor on the Anthropic IPO, which is expected to be even larger than the SpaceX debut. This should provide a boost for Goldman Sachs in Q4, making it an attractive buying opportunity at current prices.