Goldman Sachs joins Morgan Stanley in forecasting SP 500 at 6,500 by 2025

Goldman Sachs projects the S&P 500 will reach 6,500 by late 2025, aligning with Morgan Stanley’s forecast. This implies a 10.3% rise from its last close of 5,893.62, driven by U.S. economic growth and rising corporate earnings.

Compare Top Forex brokers and start trading with a trusted partner.

Goldman highlighted the continued outperformance of the “Magnificent 7” stocks—Amazon, Apple, Alphabet, Meta, Microsoft, Nvidia, and Tesla—though by the narrowest margin in seven years. It expects corporate earnings to grow by 11% and U.S. GDP to expand by 2.5% in 2025.

However, risks remain, including potential tariffs and rising bond yields. Goldman also noted the potential for upside from fiscal policy shifts or a more dovish Federal Reserve. It estimates S&P 500 earnings per share at $268 for 2025.