Goldman Sachs raises S&P 500 target price repeatedly: looking at 6,800 points by year-end, aiming for 7,200 points next year
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Goldman Sachs raised its year-end target for the S&P 500 Index from 6,600 points to 6,800 points, expecting an additional 2% upside. Goldman Sachs also raised its return expectations for 6 months and 12 months to 5% and 8%, respectively, with corresponding index levels reaching 7,000 points and 7,200 points. The upward revision is mainly based on the Federal Reserve's policy becoming more dovish and the resilience of corporate earnings. The S&P 500 Index has risen over 30% since April and has repeatedly set closing records between July and September
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