Goldman Sachs is getting more bullish on stocks.
The Wall Street firm on Thursday upgraded its year-end price target for the S&P 500 (^GSPC) to 4,700, up from the 4,300 seen previously. That new target would represent an upside of nearly 7% from closing prices on Wednesday, and add to what has already been a more than 17% year-to-date gain for the blue-chip index.
Goldman also expects the S&P 500 to close out 2022 at 4,900, raising this from a previous target of 4,600.
A combination of…
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