Goldman Sachs sees S&P 500 at 8,700 by end-2027, overweight Japan

Cointime reports: Goldman Sachs strategists led by Peter Oppenheimer forecast the S&P 500 will rise to 8,700 over the next 12 months, a 14% price return and 16% total return, with the U.S. bull market extending into 2027 as valuations ease and bond yields, oil prices and inflation moderate. They expect 2027 earnings growth to slow to 11% from 36% in 2026, favor growth stocks and select defensives, and rate Japan overweight with a TOPIX target of 4,500, implying a 15% price return and 17% total return.