Goldman Sachs upgraded its 12-month price target for the S&P 500 index from 5,600 to 6,300, driven by stronger-than-expected corporate earnings heading into the third quarter and robust demand for artificial intelligence technologies.
The revision, outlined in a report led by U.S. equity strategistDavid Kostin, reflects optimism around earnings-per-share (EPS) growth and margin expansion, particularly in key sectors like technology and healthcare.
The S&P 500, which tracks the largest 500 U.S. corporations through theSPDR S&P 500 ETF Trust(NYSE:SPY), is currently trading less than 1% below its all-time high.
S&P 500 Earnings Forecasts Upwardly...
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