Goldman Sachs projected a bullish scenario for stocks in 2024, with the S&P 500 expected to hit 4,700, signifying a 12-month price gain of 5% and a total return of 6%, inclusive of dividends.
AnalystsDavid J. Kostin,Ben SniderandRyan Hammondexpect the U.S. economy to continue its modest expansion through 2024, staving off recession risks.
The team forecasted a 5% increase in corporate earnings, with market valuation estimated to remain steady at a price-to-earnings (P/E) ratio of 18x.
While a 6% projected return for the broader market slightly underperformed the typical 8% average return seen in presidential election years, it depends crucially...
Login or create a forever free account to read this news
Sign up/Log in