Goldman Sachs analysts David J Kostin, Stuart Kaiser, Amanda Sneider, Ben Snider, Rima Reddy and Aaron Woodside looked at different valuation methods to address the question of whether or not the S&P 500 (INDEXSP:.INX) is fairly valued in their recent study, "US Weekly Kickstart" of October 25, 2013.
Goldman’s own value for the S&P 500
The S&P 500 (INDEXSP:.INX) is now trading at 1762, above Goldman’s year-end projected target of 1750, which the firm considers a fair value. They also expect the index to trade more or less around these levels until the end of 2013. Projection for the 2014 close is 1900, and 2015 comes in at 2100.
Approaches that support Goldman’s thesis of ~1750
- Goldman...
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