Goldman Sachs Lifts S&P 500 Target As Earnings Growth Continues To Drive Wall Street Rally
Goldman also lifted its earnings-per-share forecasts as AI-driven gains in tech and chip stocks pushed major indexes to record highs.
- Goldman Sachs raised its S&P 500 target to 8,000 from 7,600 on Wednesday, citing robust corporate earnings and lifting EPS forecasts to $340 for 2026 and $385 for 2027.
- Semiconductor stocks fueled the rally as AI investments by tech giants drove record highs on Tuesday, with Micron Technologies surging 19% to join the $1 trillion valuation club.
- Goldman Sachs stated "Earnings growth has powered the entire S&P 500 return so far this year, and we expect this dynamic to continue in the coming months," while acknowledging AI investments will offset falling consumer spending.
- Consumer sentiment tumbled to record lows in May as rising energy prices and the Strait of Hormuz closure weighed on households, while Fed Chair Kevin Warsh took over last week on Friday.
- Goldman Sachs' bullish outlook assumes AI investments will sustain earnings momentum in coming months despite consumer caution and Middle East tensions, positioning the rally's resilience on continued technology sector strength.
19 Articles
19 Articles
Goldman Sachs Lifts S&P 500 Target As Earnings Growth Continues To Drive Wall Street Rally
The S&P 500's rally this year has been driven largely by corporate earnings growth rather than expanding valuations, prompting Goldman Sachs to raise its year-end target for the benchmark index as Wall Street continues to post record highs.
Goldman pumps up its S&P 500 price target to 8,000 for the year as it eyes an earnings-fueled rally
NYSEGoldman Sachs is calling for a rally that will take the S&P 500 to 8,000 by year-end.The bank said the increase will be driven by strong earnings, with S&P 500 EPS up 24% for the year. About half of the earnings growth in the index this year will be fueled by AI "beneficiaries," it said.Don't sweat the war. The main event for markets remains on track to deliver. That's the message from Goldman Sachs, which is calling for an earnings-fueled r…
The great director of valuation, according to the strategists of the bank, will be the continuous growth of profits, as has been seen so far in 2026
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Goldman Sachs Raises S&P 500 Target to 8,000 as AI Boom and Strong Earnings Lift Optimism
Goldman Sachs has increased its year-end 2026 target for the S&P 500 index to 8,000 from 7,600, reflecting growing confidence that strong corporate earnings and ... The post Goldman Sachs Raises S&P 500 Target to 8,000 as AI Boom and Strong Earnings Lift Optimism first appeared on [your]NEWS.
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