Reported about 7 hours ago
Goldman Sachs has raised its S&P 500 price target to 6,300 over the next year, indicating a 10% gain as they anticipate stronger corporate earnings and rising profit margins. The firm expects the index to reach 6,000 by the end of 2024, up from previous predictions, citing factors such as a recovering IT sector and fewer major charges affecting various companies. Despite this optimism, some analysts warn investors to remain cautious about high-risk stocks amid a rapidly changing market.
Source: YAHOO