Why Goldman Sachs and BofA lifted their S&P 500 targets
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Goldman Sachs (GS) analysts lift their S&P 500 (^GSPC) target to 6,600 from 6,100, citing Federal Reserve rate cuts, bond weakness, and investors' willingness to look past near-term challenges. Bank of America (BAC) analysts also increased their target, but see little upside from current levels. Yahoo Finance Senior Reporter Allie Canal outlines the top calls on Wall Street and takes a closer look at valuation in the Big Tech sector, including names like Nvidia (NVDA), Alphabet (GOOG, GOOGL), and Meta (META). To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.
📄 Summary
Goldman Sachs (GS) analysts lift their S&P 500 (^GSPC) target to 6,600 from 6,100, citing Federal Reserve rate cuts, bond weakness, and investors' willingness to look past near-term challenges. Bank of America (BAC) analysts also increased their target, but see little upside from current levels. Yahoo Finance Senior Reporter Allie Canal outlines the top calls on Wall Street and takes a closer look at valuation in the Big Tech sector, including names like Nvidia (NVDA), Alphabet (GOOG, GOOGL), and Meta (META). To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.