Investment banking giant Goldman Sachs announced Tuesday it has boosted its year-end 2026 projection for the S&P 500 stock index to 8,000, marking an increase from its earlier forecast of 7,600.
The financial firm attributed the revised outlook to improved earnings projections after companies delivered an exceptionally strong first-quarter reporting period.
According to the brokerage, ongoing earnings expansion is expected to drive additional gains in the stock market.
