The latest report from Goldman Sachs shows that the bank has once again raised its year-end target for the S&P 500 index to 6300 points (previously 5600 points), and raised its 12-month target to 6300 points (previously 6000 points), adding that these targets may be 'too low'. Goldman Sachs said, 'Our economists' forecast for US GDP growth is higher than the consensus of the market, and the stable macroeconomic outlook will continue into next year, which is favorable for moderate expansion of corporate profit margins. The semiconductor cycle is expected to recover, while the strength of large technology companies will continue to increase.'
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Goldman Sachs has once again raised its target for the S&P 500 index
The latest report from Goldman Sachs shows that the bank has once again raised its year-end target for the S&P 500 index to 6300 points (previously 5600 points), and raised its 12-month target to 6300 points (previously 6000 points), adding that these targets may be 'too low'. Goldman Sachs said, 'Our economists' forecast for US GDP growth is higher than the consensus of the market, and the stable macroeconomic outlook will continue into next year, which is favorable for moderate expansion of corporate profit margins. The semiconductor cycle is expected to recover, while the strength of large technology companies will continue to increase.'