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Goldman Sachs increased its year-end 2026 forecast for the S&P 500 to 8,000, citing stronger earnings estimates. The revision follows an exceptionally strong first-quarter reporting season.
ventureburn.comGoldman Sachs raised its year-end target for the S&P 500 from 7,600 to 8,000 in a note published Tuesday. The new target implies a 6% gain from current levels. The bank also increased its earnings forecasts after what it described as an exceptionally strong first-quarter reporting season. Goldman now projects S&P 500 earnings per share of $340 in 2026 and $385 in 2027.
Goldman attributed nearly half of the projected earnings growth to artificial intelligence-related spending. The firm said it is not assuming higher valuations to reach the new target. The 8,000 forecast places Goldman among the higher year-end estimates on Wall Street, matching Deutsche Bank and Morgan Stanley.
>"We expect the S&P 500 will rise by 6% to our revised year-end target of 8,000," the report stated.
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manufacturing.netBrent crude crossed above $90 per barrel on Sunday as trading resumed, rising more than 3 percent. The move came as the U.S. military entered a ninth straight day of strikes on Iran.
bloombergquint.comSamsung Biologics agreed to buy PolyPeptide Group for 1.46 billion Swiss francs in cash. The deal would give the South Korean firm peptide manufacturing sites in five countries and expand its reach into obesity and diabetes drugs.
winnipegfreepress.comLuis Manuel Otero Alcántara reached Miami International Airport on July 18, 2026, after the United States granted him parole. He had served a five-year sentence in Cuba on charges tied to a 2021 protest.