Goldman Sachs said the S&P 500 could rise to 8,700 points within the next year, implying more than 14 percent upside from the index’s previous close of 7,592.40 points. The bank’s analysts argued that the sell-off in large technology stocks following the Democratic win in last week’s US midterm elections had made equity valuations more attractive.
Profit growth seen slowing
Goldman Sachs expects US corporate profit growth to slow in 2027, forecasting an 11 percent rate of growth compared with a previous 36 percent level. Analysts attributed the slowdown mainly to more restrained investment by the largest cloud providers.
The bank put the S&P 500’s forward 12-month earnings multiple at 18.5 times, down from a recent peak of 23 times. Goldman Sachs rates US and Japanese equities overweight. It rates Asia and emerging markets neutral, and Europe underweight.
Nvidia controversy in background
The forecast came as controversy surrounded Nvidia following the departure of chief executive Jensen Huang from his role.
By MacroHerald’s own measurement, the S&P 500 closed at 7,561.67 points on 13 November 2026, down 0.40 percent from the previous close.
Source: Goldman Sachs | Data: S&P Dow Jones Indices
