FTDS - S&P 6300? Is That Outside The Realm Of Possibility?
2024-06-25 08:50:00 ET
Summary
- Goldman Sachs recently upped its price target to S&P 6300 for the end of this year, along with Evercore ISI upping its year-end target to 6000.
- Valuation contractions happen during recessionary and bear market periods.
- A bullish scenario entirely depends on a “no recession” outcome, and the Fed must reverse its monetary tightening.
Goldman Sachs ( GS ) recently upped its price target to S&P 6300 for the end of this year, along with Evercore ISI upping its year-end target to 6000. Such is not surprising given the strong run in the markets this year. Just two weeks ago, I posted the following chart saying:
S&P 6300? Is That Outside The Realm Of Possibility?“We should soon start getting a raft of S&P 500 price target upgrades for year-end.”