May 27, 2026 02:42 PM seekingalpha.com Positive

Goldman lifts S&P 500 target to 8,000 on robust earnings growth

DDM DIA DOG DXD IVV QID QQQ QQQM RSP SDOW SDS SH SPXU SPY SQQQ SSO TQQQ UPRO VOO

[S&P 500]
BBuilder

Goldman Sachs has increased its 2026 year-end forecast for the S&P 500 (SP500 [https://seekingalpha.com/symbol/SP500]) index ‌to 8,000 from 7,600, citing continued strength in ‌corporate earnings. The target is 6.4% higher than the index's last close of 7,519.12.

"Earnings growth has powered the entire S&P 500 return so far this year, and we expect this dynamic to continue in the coming months," Goldman Sachs said ‌in a note ⁠on Tuesday, as per reports.

The brokerage also raised its S&P 500 earnings-per-share forecasts to $340 for 2026, implying 24% ⁠year-on-year growth, and to $385 for 2027, a further 13% increase.

Goldman’s move follows a broader wave of bullish brokerage calls. Last week, UBS GWM lifted its 2026 S&P 500 target to 7,900 from 7,500, citing resilient consumer spending and strong data center infrastructure demand.

"In addition, ‌while S&P 500 earnings estimates have risen more quickly than index price appreciation, the semiconductor stocks at the heart of the AI infrastructure complex have recently outpaced ‌their forward earnings," analysts at Goldman Sachs said.

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