As the economic benefits of massive fiscal stimulus and businesses reopening reach their peak in the coming weeks, Goldman Sachs analysts are warning that U.S. economic growth will slow, leading to “paltry” stock returns over the next year and an end to the market’s massive pandemic rally. U.S. economic growth will peak within the next […]
Credit Suisse analyst Jonathan Golub introduced his 2021 price target for the S&P 500 (^GSPC) of 4,050, implying 12.2% upside from Tuesday’s closing levels. Underpinning this upbeat call is his assumption that two years from now, the post-virus economic recovery will have already hit a peak. “Our 2021 forecasts are designed to answer a simple […]
After a 56% rally off the March bottom, Goldman Sachs’ stock (NYSE: GS) seems to still have some room to grow based on its historic P/E multiples. Goldman Sachs, a leading U.S investment bank with a global presence, has seen its stock rally from $135 to $211 off the recent bottom compared to the S&P […]