Goldman Sachs Predicts S&P 500 Surge to 6000 Amid Megacap Tech Stock Resurgence

Goldman Sachs analysts maintain their year-end S&P 500 target at 5,200 points but also envision a bullish scenario where continued gains in megacap tech stocks could propel the index to 6,000. The recent surge in the S&P 500 was driven by the Federal Reserve's reinforcement of expectations for interest rate cuts. Goldman's analysts highlighted four valuation scenarios, with the most bullish projecting a 15% rise to 6,000 points, driven by megacap tech stock gains. They emphasized that the current growth stock rally differs from past experiences and noted encouraging conditions for demand and supply in the tech sector.