GS · News · 20260930N

Interest Rate Outlook

GOLDMAN SACHS GROUP INC · 2026-09-30 · Importance 10 · Surprise 6

Goldman Sachs Chief Global Equity Strategist Peter Oppenheimer said the pace of a bond-market selloff is a key risk for equities. He said strong earnings were supporting stocks and had reduced valuations during 2026, providing some cushion against market pressure. However, a rapid acceleration in bond yields could make equities vulnerable by tightening financial conditions and increasing discount rates. The commentary points to interest-rate volatility as a material driver of market risk over the near term.

Key facts

• Goldman Sachs (GS) closed at $900.36 in the latest trading session, a -1.73% move from the prior day. source
• Goldman Sachs adjusted its price target for DuPont de Nemours to $153 from $159 while maintaining a Neutral rating. source
• The Goldman Sachs Group adjusted its price target for Rockwell Automation to $485.00 from $510.00 while maintaining a Neutral rating. source
• Goldman Sachs adjusted its price target for Carrier Global to $74 from $85 while keeping a Buy rating. source
• Goldman Sachs lowered its price target for Ingersoll Rand to $87 from $94 while keeping a Buy rating. source
• Peter Oppenheimer is Goldman Sachs' chief global equity strategist. source