Goldman Sachs Raises Target for European Stocks

Goldman Sachs has maintained its positive outlook on European equity markets and revised its 12-month target for the STOXX 600 index upward. The bank forecasts that the index will achieve earnings per share (EPS) growth of 10% in 2026. In its assessment, the new target for the STOXX 600 index has been raised to 660 points. This revision reflects Goldman Sachs' confidence in the profitability expectations of European companies and the overall economic outlook. The bank notes that current valuations of European stocks are attractive and that growth potential remains. In particular, it states that the index could rise further if corporate profits perform better than expected. Goldman Sachs' optimistic forecast may increase investor interest in European markets. However, potential market volatility and geopolitical risks should be considered. This is not investment advice.

📊 GS — Piyasa Yorumu

■ neutral · 60%

GS stock rose 3.6% in the last 24 hours to reach 1025.61, with its RSI entering overbought territory at 76.6. While the headline is positive, technical indicators increase the likelihood of a short-term pullback or sideways movement. Although the MACD still signals upward momentum, overbought conditions may limit the pace of the rally. Therefore, continued upward movement in the short term appears challenging, though a decline is not certain either.

RSI 14

76.6

MACD

9.70

24h Δ

3.61%

📊 STOXX — Piyasa Yorumu

▲ up · 60%

While Goldman Sachs' target upgrade serves as a positive catalyst, the STOXX index is currently trading below its 20- and 50-day moving averages. The RSI at 45 indicates neutral territory, and the MACD remains below the signal line, suggesting weak short-term momentum. Although a news-driven recovery is possible, technical resistance and a bearish bias are expected to limit upside potential.

RSI 14

45.2

MACD

2.73

24h Δ

-0.86%

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