Drooid Logo
Back to today’s briefing

Story perspectives

Goldman Sachs Soars on $58B Coterra-Devon Merger Deal

2/3/2026

33 3 Full Breakdown

1 of 1

Story summary
  • Investors are optimistic about Goldman Sachs after it advises Coterra on $58 billion merger with Devon, the largest energy-sector deal since 2024.
  • The deal boosts Goldman Sachs' investment banking revenue, which was 15% of revenue last year.
  • Goldman Sachs' stock rose 7.6% year-to-date.
  • Mizuho recommends buying Broadcom due to potential earnings growth from custom chip business, despite 20% decline since December, with a $480 target.
  • The Club holds a $425 target.