Goldman Sachs reduced Reliance Industries' target price to ₹1,595 from ₹1,630, maintaining a 'buy' rating. Despite a lowered EBITDA estimate for 2025-2027, Goldman Sachs anticipates strong returns in 2026, driven by Jio's growth. Other brokerages like Morgan Stanley and Bernstein also offered their price targets, indicating varying levels of optimism for the stock's future performance.
