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S&P 500 Could Reach 6,300 In 12 Months, Says Goldman Sachs, Driven by 'Strong AI Demand' And 'Margin Expansion'

Benzinga ·  Oct 7 21:34

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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