S&P 500 Index Year-End Target Raised To 5,600 By Goldman Sachs On Strong Tech Earnings And Valuation Expansion
S&P 500 Index Year-End Target Raised To 5,600 By Goldman Sachs On Strong Tech Earnings And Valuation Expansion
Goldman Sachs Group has revised its year-end target for the S&P 500 Index to 5,600, up from the previous 5,200. The adjustment is attributed to the robust earnings growth of five major U.S. tech companies and an increased fair value price-to-earnings ratio.
高盛集團已將標普500指數年末目標上調至5600點，上調幅度從之前的5200點增加。此次調整歸因於美國五大科技公司盈利增長強勁以及公允價值市盈率上升。
What Happened: The revised target reflects a 3.1% increase from the index's most recent close of 5,431.60, reported Reuters. The brokerage firm anticipates a steady real yield by year-end and strong earnings growth to maintain a 15x P/E for the equal-weight S&P 500 Index.
事件經過：據路透社報道，此次調整反映出標普500指數最近的收盤價5431.6點上漲了3.1%。該券商預計到年底仍有平穩的實際收益率和強勁的盈利增長，從而維持等權標普500指數的15倍市盈率。
Microsoft Corp (NASDAQ:MSFT), NVIDIA Corp (NASDAQ:NVDA), Google's parent company Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), Amazon.com (NASDAQ:AMZN), and Meta Platforms (NASDAQ:META) have collectively surged by 45% and now represent a quarter of the S&P 500 equity cap, as stated in a brokerage note released after Friday's market close.
微軟公司（納斯達克股票代碼：MSFT）、NVIDIA公司（納斯達克股票代碼：NVDA）、谷歌母公司Alphabet Inc（納斯達克股票代碼：GOOG）（納斯達克股票代碼：GOOGL）、亞馬遜（納斯達克股票代碼：AMZN）和Meta Platforms（納斯達克股票代碼：META）計算機器製造指數已經累計上漲了45%並且佔標普500股票市值的四分之一，據週五收盤後券商發佈的一份報告指出。
"The drivers of the rally include upward revisions to consensus 2024 earnings estimates for these same tech companies, and valuation expansion stemming from increased investor enthusiasm about artificial intelligence," said analysts at Goldman Sachs.
高盛集團分析師表示：該行業繼續上漲的推動因素包括：同一些科技公司2024年的盈利預期上調以及由於投資者對人工智能的興趣而導致的估值擴張。
Goldman Sachs analysts highlighted the U.S. election as a significant risk to the S&P 500 level, with the election period typically seeing increased index volatility. However, post-election, volatility usually decreases, and the S&P 500 index tends to recover to an even higher level.
高盛分析師指出美國大選是標普500水平的重大風險，因爲大選期間通常會出現指數波動加大的情況。然而，大選之後，通常會出現指數波動逐漸減小，標普500指數往往會反彈到一個更高的水平。
Why It Matters: This upward revision comes at a time when the stock market is experiencing a bullish trend. Earlier this month, Goldman Sachs had forecasted a flat return for the S&P 500 for the rest of the year, indicating that the stock market rally for 2024 had reached its peak. This recent revision suggests a more optimistic outlook for the S&P 500.
爲什麼它很重要：這一上調對應着股市上漲的趨勢。本月早些時候，高盛預測標普500指數在今年餘下時間將會平穩，意味着2024年股市的牛市已經達到了峯值。這一最近的上調預示着標普500指數的前景更加樂觀。
Goldman Sachs' revision aligns with the predictions of other market analysts. For instance, Julian Emanuel, the chief equity and quantitative strategist at Evercore ISI, forecasted a 26% gain for the S&P 500 this year, with a year-end price target of 6,000. This suggests a continued bullish trend for the stock market in 2024.
高盛集團的預測與其他市場分析師的預測相一致。例如，Evercore ISI首席股票和量化策略師朱利安·伊曼紐爾預測標普500指數今年將上漲26%，年底價格目標爲6000點。這預示着2024年股市的牛市將會持續。
However, not all analysts share this bullish outlook. In a recent interview, economist Harry Dent warned of a potential "crash of a lifetime," predicting an 86% plummet for the S&P 500.
然而，並非所有分析師都對此技術長期看漲。在最近的一次採訪中，經濟學家哈里·登特警告稱，標普500指數可能會迎來一次"一生之中的崩盤"，預計標普500指數將跌幅達到86%。
According to data from Benzinga Pro, the SPDR S&P 500 ETF Trust (NYSE:SPY), which tracks the S&P 500 Index, closed Friday's session at a record high of 542.78, marking a 0.06% increase.
根據Benzinga Pro的數據，追蹤標普500指數的SPDR標普500 ETF信託基金（NYSE：SPY）週五的收盤價創下了542.78點的紀錄，同比增長了0.06%。
Image Via Shutterstock
圖片來自Shutterstock。
This story was generated using Benzinga Neuro and edited by Kaustubh Bagalkote
本報道使用Benzinga Neuro生成，並由Kaustubh Bagalkote
譯文內容由第三人軟體翻譯。