Goldman Sachs raises S&P 500 year-end target to 6,000 and 12-month target to 6,300 due to profit margin growth and stable economic outlook.

Goldman Sachs has raised its S&P 500 targets for the year and next 12 months, forecasting a year-end target of 6,000 (up from 5,600) and a 12-month target of 6,300. This optimism stems from anticipated profit margin growth and a stable economic outlook through 2025. The bank also increased its 2025 EPS estimate to $268, reflecting an 11% annual growth, supported by strong consumer spending and a recovery in technology and semiconductor sectors.

October 07, 2024
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