GS · News · 20261019N

Capital Markets Cycle Outlook

GOLDMAN SACHS GROUP INC · 2026-10-19 · Importance 37 · Surprise 56

Goldman Sachs strategist Ben Snider maintained an 8,000 year-end 2026 S&P 500 target, implying approximately 5% upside from the reported market level of 7,659. Snider also set an 8,700 target for year-end 2027. His outlook assumes positive but decelerating growth, with projected S&P 500 earnings growth slowing from 36% in 2026 to 11% in 2027, and returns driven primarily by earnings rather than valuation expansion.

Key facts

• Ben Snider is modeling 36% earnings growth for the S&P 500 this year, cooling to an 11% increase in 2027. source
• Goldman Sachs strategist Ben Snider maintained an 8,000 year-end S&P 500 price target and a 2027 target of 8,700. source