Goldman Sachs boosts its 3-month stock forecast to 'overweight,' cites strong profit-growth recovery
Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Goldman Sachs has raised its three-month stock forecast to "overweight" and is forecasting returns in the "high single digits" for global stocks over the next 12 months.
Goldman said that the most important factor for determining growth for next year is further clarity on the timeline and availability of the coronavirus vaccine.Goldman Sachs just raised its three-month stock forecast to "overweight" from neutral, and is forecasting "high single digital returns" for global stocks over the next year.
Goldman also said there's potential for a "broader procyclical shift" in stocks and other assets for the rest of the year. Goldman added that the "most important catalyst" to lower near-term risks and generate more growth optimism for the next year is further clarity on when and how a coronavirus vaccine will be deployed.
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