Goldman Sachs’ Kostin Sees S&P 500 Reaching 6,500 by End of 2025
- Boosted forecast is on par with Morgan Stanley’s Mike Wilson
- US economic expansion, earnings growth to lift stocks
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The S&P 500 Index will rise through the end of next year amid continued US economic expansion and earnings growth, according to Goldman Sachs Group Inc.’s chief equity strategist David Kostin.
Kostin boosted his S&P 500 target to 6,500 for year-end 2025, about 10% above current levels. He previously had set a 12-month S&P 500 target at 6,300. The new prediction matches that of Morgan Stanley’s Mike Wilson, who recently boosted his own forecast for US equities.