Goldman Sachs on why the S&P 500 could go higher than their 4500 targetGoldman Sachs' chief U.S. equity strategist David Kostin was speaking in an interview on Tuesday.
He said it's possible the S&P 500 overshoot his 12-month target of 4,500 ...
"The upside potentially would be that rates fall a little bit"
- arguing that lower rates have led to valuation expansions in the past
- also watch for better-than-expected earnings, these could also trigger stocks past that target level
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: Goldman Sachs on why the S&P 500 could go higher than their 4500 target (https://www.forexlive.com/news/goldman-sachs-on-why-the-sp-500-could-go-higher-than-their-4500-target-20230912/)
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