Goldman Sachs sees S&P 500 rising to 8,700 next year despite slower earnings growth
Nov 13, 2026, 9:33 AM EST1 sourcesAI-analyzed
Why it may matterVerify against the original reporting
The call is a valuation-driven market outlook: Goldman expects investor demand/valuation re-rating to support positive total returns despite weaker earnings — the implication depends on investors re-pricing multiples rather than faster fundamental earnings growth.
AI summary
What happened, with direct paths to the underlying reporting
Goldman Sachs projects the S&P 500 will reach 8,700 over the next 12 months, citing valuation-driven support for returns even with slower earnings growth.
Goldman Sachs expects the S&P 500 to climb to 8,700 points over the next 12 months.
Goldman Sachs says more attractive valuations after a recent sharp selloff should help equities deliver positive returns despite slower earnings growth.
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