Goldman Sachs sees an opportunity to ‘buy the dip’ amid heightened uncertainty
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
Goldman Sachs Market Outlook: Goldman Sachs remains optimistic despite the S&P 500 entering correction territory, planning to "buy the dip" while not predicting a recession or bear market, although it has lowered its year-end target for the index due to increased market uncertainty.
S&P 500 Performance and Investment Options: The S&P 500 has seen a slight recovery, rising 3.7% from its recent low, and there are various exchange-traded funds and mutual funds available for investors looking to track its performance.
Analyst Views on SPY
Wall Street analysts forecast SPY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SPY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 688.980
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Current: 688.980
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
