Goldman Sachs has raised its S&P 500 return forecasts for the next 3, 6, and 12 months, projecting gains of 3%, 6%, and 11%, respectively. The updated targets correspond to index levels of 6,400 in three months, 6,600 by year-end, and 6,900 over 12 months. The firm cited expectations of earlier and deeper Federal Reserve rate cuts, lower Treasury bond yields, strong fundamentals among large-cap stocks, and investor willingness to maintain exposure as key drivers behind the revisions. Earnings per share growth is forecasted at 7% for both 2025 and 2026. Similarly, Bank of America Global Research increased its year-end S&P 500 target to 6,300 from 5,600 and introduced a 12-month target of 6,600. Bank of America emphasized the resilience of Corporate America as a primary factor supporting the higher targets. Both firms have adjusted their outlooks upward in recent weeks, reflecting optimism about Federal Reserve policy easing and corporate performance in the U.S. equity market.