Goldman Sachs(US:GS) 智通财经网·2025-09-23 06:24Core Viewpoint - Goldman Sachs has raised its year-end target for the S&P 500 index from 6600 to 6800 points, indicating a potential 2% upside based on the latest closing price [1] Group 1: Reasons for Target Adjustment - The upward adjustment is primarily based on two factors: the Federal Reserve's more dovish policy stance and resilient corporate earnings [1] - Goldman Sachs has also increased its 6-month and 12-month return expectations for the S&P 500 index to 5% and 8%, respectively, suggesting target levels of 7000 and 7200 points [1] Group 2: Federal Reserve Actions - Recently, the Federal Reserve implemented its first interest rate cut since December, with plans for further cuts in October and December as the labor market cools [1] - Goldman Sachs predicts that both upcoming meetings will result in a 25 basis point rate cut, a view shared by most major Wall Street firms [1] Group 3: Market Context - Earlier this year, concerns over an economic recession intensified following President Trump's "liberation day" tariff policy, leading to a sell-off in global stock markets and a downward revision of the S&P 500 index target to below 6000 points by major banks [1] - However, the easing of tariff policies and rising expectations for Federal Reserve easing have alleviated investor anxiety, reducing recession risks and driving the stock market to new historical highs [1] - According to S&P Global data, the S&P 500 index has risen over 30% since its low on April 8, and has repeatedly set closing records between July and September, with the latest closing price reaching 6693.75 points as of early September [1]