Goldman Sachs' AI boom raises S&P 500 target to 4500.

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Source: Business Insider
Goldman Sachs' AI boom raises S&P 500 target to 4500.
Photo: Business Insider
TL;DR Summary

Goldman Sachs analysts predict that the S&P 500 bull market is sustainable and will end the year at 4500, up 5% from its current level. While a handful of tech stocks have powered the market higher, there are still opportunities for investors to profit from cyclical stocks that have lagged the rally but have room to rise. Goldman Sachs recommends investing in cyclical Russell 3000 stocks with market caps of $2 billion or more that have a forward P/E of less than 19x and improving fundamentals. The 24 stocks that meet these criteria have YTD EPS revisions above the median of 9%.

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