Goldman Sachs: Adjusted the 12-month target for the S&P 500 index from 6,500 points to 6,900 points, expecting a return rate of 11%

Goldman Sachs, in a report released on July 8, 2025, raised its 12-month target for the S&P 500 index from 6,500 points to 6,900 points, expecting a return rate of 11%. The reasons for the adjustment include the possibility of the Federal Reserve cutting interest rates earlier, strong fundamentals of tech giants, and a reduced probability of a U.S. economic recession to 35%. In the short term, the return rate forecasts for three months and six months have also been raised to +3% and +6%, respectively