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Goldman Sachs strategists raise the S&P 500 index target to 8,000 points, driven by AI and profits

MarsBitNews
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Mars Finance News, May 27 — Goldman Sachs strategists expect the S&P 500 index to return 17% this year, joining the ranks of Morgan Stanley and Deutsche Bank colleagues. The Goldman Sachs team led by Ben Snider stated that profit growth driven by the artificial intelligence (AI) boom will further boost the stock market, so they have raised their year-end target for the U.S. benchmark index to 8,000 points, abandoning their previous forecast of 7,600 points. "Sustained profit growth should be able to drive the stock market higher," the strategists wrote in the report. "The upward revision of return forecasts reflects an increase in earnings expectations for the S&P 500 index following exceptionally strong performance in the first quarter earnings season." (Wide-angle observation)
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AirdropLunchbox
· 6h ago
17% expected return? Believe half of it first; the earnings season indeed exceeded expectations.
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WhirlpoolInATeacup
· 6h ago
AI efficiency gains → earnings upgrades → target price increases, logical loop but crowded
View OriginalReply0
StillHereAfterTheRugPull
· 6h ago
Snider's recent increase is essentially betting on Mag7's profit resilience.
View OriginalReply0
GasFeeGrump
· 6h ago
Both Morgan Stanley and Deutsche Bank are bullish; institutions are banding together to keep warm.
View OriginalReply0
ApeWithHomework
· 6h ago
Goldman Sachs's 8,000-point target is quite aggressive; how long can the AI narrative last?
View OriginalReply0

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