Goldman Sachs Lifts End-Year S&P 500 Forecast by 20%
Pandemic? What pandemic?
Undeterred by the coronavirus outbreak that continues to wreak havoc on the global economy, top investment bank Goldman Sachs (NYSE: GS) today raised its year-end target level on the S&P 500. Goldman now believes the benchmark stock index will hit 3,600 by the New Year, a substantial increase from the company's previous estimate of 3,000. That 3,600 would represent growth of 6% over the current level.
Image source: Getty Images.
Source Fool.com
