Goldman Sachs lifts 2024 S&P 500 target to 5,200 on upbeat profit outlook
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Goldman Sachs has raised its year-end target for the S&P 500 to 5,200, reflecting a 4% upside from current levels. The increase is based on an improved earnings outlook for the index companies. The brokerage previously projected the index to end 2024 at 5,100 before raising the forecast from 4,700 in December. Goldman Sachs expects an 8% profit increase for S&P 500 companies this year, driven by an improved US economic outlook and stronger mega-cap profit margins. The Magnificent 7 stocks are expected to post the strongest earnings growth among S&P 500 sectors.

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https://www.investing.com/news/economy/goldman-sachs-lifts-2024-sp-500-target-to-5200-on-upbeat-profit-outlook-3307212