Goldman Sachs Raises S&P 500 12-Month Target to 7,200 Points, Recommends Buying Stocks Goldman Sachs has raised its S&P 500 target to 7,200 points due to this year’s strong earnings performance. While current stock valuations remain historically high, the stock market tends to perform well during Fed rate-cut cycles when the economy is not in recession. Investors should focus on companies with floating-rate debt (which will benefit from falling interest rates) and small- to mid-cap stocks sensitive to economic acceleration.