Goldman Sachs Strategists Hike S&P 500 Target to 8,000 Points, Fueled by AI Surge and Earnings Growth
6 hour ago / Read about 0 minute
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Goldman Sachs strategists predict that the S&P 500 will achieve a 17% return this year, a projection that aligns with the outlooks of Morgan Stanley and Deutsche Bank. Headed by Ben Snider, the Goldman team highlighted that the earnings growth propelled by the AI boom will serve as a significant catalyst for the stock market. This anticipated growth has led them to revise the index's year-end target upward, from 7,600 points to 8,000 points.