BlockBeats News, March 12th, Goldman Sachs lowered its S&P 500 Index target for the end of 2025 from 6,500 points to 6,200 points, reflecting the institution's adjustment of its fair forward price-to-earnings (P/E) valuation from 21.5 times to 20.6 times, a 4% decrease.
At the same time, it lowered the index's constituent stock's earnings per share (EPS) expectations, with the 2024 EPS expectation dropping from $268 to $262 and the 2025 expectation dropping from $288 to $280. (FX678)