Goldman Sachs cuts target for Evercore stock to USD 331

Published on 10/06/2026 at 16:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Goldman Sachs cut its target to USD 331 from USD 377 on October 1, 2026. Evercore stock was EUR 239.90 on October 6, 2026 versus USD 331 target.

EVR, US29977A1051, Illustration mit AI erstellt.

Evercore (ISIN US29977A1051) was trading at EUR 239.90 at Lang & Schwarz on October 6, 2026, at 4:04 p.m. CEST. Goldman Sachs cut its price target for Evercore to USD 331 from USD 377 on October 1, 2026, while maintaining a Buy rating, Markets Insider reported.

Goldman Sachs resets valuation

The target reduction puts the latest Goldman view below the USD 359.17 consensus target reported for Evercore by Markets Insider on October 5, 2026. The same report said seven of 11 analysts rated the shares Buy, giving the stock a clearly divided but still constructive research backdrop.

The arithmetic matters: USD 331 is USD 46 below the former USD 377 target, a 12.20 percent reduction. The revised target also remains above the USD 270.81 primary-exchange price at 10:11 a.m. EDT on October 6, 2026, although the two prices are quoted in different currencies and are not combined into a return calculation.

Second-quarter revenue stays firm

Evercore reported USD 990.2 million of revenue in the second quarter of 2026, up 19 percent from the second quarter of 2025, according to Simply Wall St. Net income was USD 95.3 million, down 2 percent year over year, and the profit margin fell to 9.6 percent from 12 percent as expenses increased.

That mix explains the competing signals in the stock story. Revenue growth gives Evercore operating scale, but weaker earnings conversion leaves margins as the immediate test for the advisory model. The company also operates investment management alongside investment banking and equities, providing a second business line beyond transaction fees.

Stock facts and market position

Evercore had a market capitalization of USD 10.5 billion on October 6, 2026. Its primary listing is on the NYSE under ticker EVR, and the company reports in USD, according to its company profile from Stock Analysis.

EUR 239.90 at Lang & Schwarz

Evercore was trading at EUR 239.90 at Lang & Schwarz on October 6, 2026, at 4:04 p.m. CEST. The quote page supplied no usable prior-close comparison, so the reference price stands as an intraday indication rather than a daily percentage move.