6:46:59 AM
Wall Street strategists are making increasingly optimistic predictions for the S&P 500 Index, which closed Thursday at 4,429.10. Goldman Sachs’s David Kostin is now calling for 4,900 at the end of next year. Yardeni Research Inc.’s Edward Yardeni is targeting 5,000. Leuthold Group’s Jim Paulsen is looking out further, to 2025, and seeing a bigger round number: 6,000. Why? The call assumed the U.S. economy would grow for the next four years valuing the S&P 500 at 20 times earnings per share of $300.
David Wilson Stocks Editor, New York