Goldman Sachs ups year-end S&P 500 target to 5,200, says Big Tech must do the heavy lifting

A previous version of this article incorrectly listed Netflix as one of the Magnificent Seven stocks instead of Amazon. Just days ahead of potentially pivotal results from Nvidia Corp., Goldman Sachs has lifted its year-end S&P 500 target to 5,200, but with much of that hinging on Big Tech’s ability to keep delivering strong profits.“Our upgraded 2024 EPS forecast of $241 (8% growth) stands above the median top-down strategist forecast of $235 (6% growth) and reflects our expecta