Goldman Sachs Strategists Say US Sales Forecasts for 2025 Are Too High
- Expects sales to slow on moderating economy, weaker dollar
- Warns profit margins to expand less than analysts’ estimates
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Corporate America’s expectations for sales next year are too high given the outlook for a moderating economy and weaker dollar, according to Goldman Sachs Group Inc. strategists.
The team led by David Kostin said it expects S&P 500 sales to rise by 4% in 2025 compared with 6% this year, as the median stock outside the energy sector is more sensitive to the economy and less international-facing.