Goldman Sachs lifts S&P 500 year-end target to 8,000 on earnings outlook
Goldman Sachs raised its year-end target for the S&P 500 to 8,000, citing a strong corporate-earnings outlook. The bank expects profit growth to keep supporting US equities.
Goldman Sachs raised its year-end target for the S&P 500 to 8,000, citing a strong corporate-earnings outlook. The upgrade followed a run of record closes for the index in recent sessions.
The bank's analysts say double-digit profit growth is supporting valuations and that the upward trend in US equities could continue. The target implies further upside from current levels.
Economists caution that such optimistic calls depend on inflation, Middle East-related geopolitical risks and an uncertain interest-rate path. Market expectations can shift quickly. This article is not investment advice.
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