Goldman Sachs raises S&P year-end target to 4,700

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David Kostin, Goldman Sachs chief U.S. equity strategist, joins 'Squawk on the Street' to discuss the call to boost the year-end target for the S&P to 4,700 from 4,300.
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SP is up 20% for the year, so we’re hypothetically going to finish this year at roughly 30%— insane.

Arteolike
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Crashes happen when everyone is bullish. Just sayin

GTRrocker
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S&P was 3700 at the beginning of the year. Forecast is 4700, implying +1000 points in 1 year but for 2022, forecast is 4900, meaning just +200 (+4%) points in one year? That's significantly lower than historical S&P returns of 8% avg annual. I agree with 2021 forecast but 2022 forecast just doesn't seem to make sense. For that to be true, earnings in 2022 will have to be half the level in an average year.

vikrant
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Goldman says 4700, then goldman turns around and make that happen :), Goldman says crash will happen, then goldman turns around and makes that happen

chandraalbuquerque
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Goldman is the "mafia" off the stock market

mikeraz
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goldman sachs are nearly always wrong, nearly time to short

nassimbaaziz
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