Goldman sees 11% S&P 500 gains over next 12 months

Goldman Sachs has raised its three-, six-, and twelve-month return forecasts for the S&P 500.

The investment bank now expects the S&P 500 to gain 3% in three months (target: 6,400), 6% in six months (year-end target: 6,600), and 11% in twelve months (target: 6,900).

These upgraded targets reflect a significant shift from their earlier year-end estimate of 6,100.