From The Motley Fool · Geoffrey Seiler · · 1m 10s
Wall Street Analyst Targets S&P 500 at 8,000 by Year-End
Goldman Sachs strategist Ben Snider predicts S&P 500 climbing to 8,000 by 2026, driving stock buys.
In brief
Goldman Sachs strategist Ben Snider predicts S&P 500 climbing to 8,000 by 2026, driving stock buys. Goldman Sachs analyst Ben Snider forecasts S&P 500 reaching 8,000 by year-end, citing earnings growth and historical market strength. Originally reported by The Motley Fool.
Goldman Sachs Analyst Targets S&P 500
Goldman Sachs investment strategist Ben Snider recently kept his 8,000 year-end target on the S&P 500.
S&P 500 Climbs to 8,000 by 2026
Snider sees S&P 500 climbing to 8,000 by year-end 2026, a 4.5% gain from Friday's close.
S&P 500 Targets 8,700 by 2027
Snider also projects S&P 500 reaching 8,700 by 2027, an 8.75% return next year.
Earnings Growth Drives S&P 500
Snider believes S&P 500 gains will come from earnings growth, not valuation expansion.
Historical Market Strength Ahead
The S&P 500 has historically generated positive returns from November through November after midterm elections 95% of the time.
S&P 500 Trading Cheap on Metrics
The S&P 500 carries a forward P/E of below 19 times, trading at its cheapest PEG ratio in over 30 years.
What matters most
Goldman Sachs analyst Ben Snider forecasts S&P 500 reaching 8,000 by year-end, citing earnings growth and historical market strength.
