Goldman Sachs Bullish on S&P 500 Hitting 6,000, Driven by Megacap Tech Stocks Despite Stretched Valuations

• Goldman Sachs analysts have a year-end S&P 500 target of 5,200 points, but see potential for the index to reach 6,000 if megacap tech stocks continue gaining • The S&P 500 surpassed 5,200 points last week, blowing past many brokerages' year-end estimates • Goldman's bullish scenario of 6,000 is driven by continued gains in profitable megacap tech stocks • The forward P/E ratio for the S&P 500 is currently in the 89th percentile since 1990, indicating stretched valuations • Goldman outlines 3 other scenarios "catch-up" to 5,800 points, "catch-down" to 4,500 points, 4,500 amid recession risks