Jun. 1 at 1:19 PM
Why I've Extended my target to
$1,090 on
$GS
Fundamentally trading at 1.4x tangible book with ROE expected to climb toward 13–15% as the IB cycle continues to expand. Mega IPOs (OpenAI, Anthropic, SpaceX) could add
$2–4 of EPS in a single cycle, pushing consensus estimates higher and justifying 12–14x forward earnings.
Technically saw a strong breakout of its previous ATH into new territory. Momentum + Beta to a strong
$DIA presents continued thesis from my previous post.
$CFG still remains in line with my expectations around weakness.