Goldman Sachs sees the S&P 500 gaining 11% over the next year as stock market gains continue to broaden out from a few large tech names.

Goldman Sachs' Digital Assets unit developed the GS DAP platform to serve digital capital market participants.

Citing economic growth and corporate profitability as main drivers, Goldman Sachs ( GS, Financials) forecasts the S&P 500 will reach 6,500 by the end of 2025. Up from the bank's prior 12-month aim of 6,300, the revised target shows a 10.3% rise from the most recent level of the index.

Goldman Sachs Chairman David Solomon said on Tuesday there will be more robust levels of both capital raising and M&A in 2025 with the new U.S. administration.

Wall Street strategy firms, including Goldman Sachs and Morgan Stanley, are forecasting the S&P 500 to reach 6,500 by the end of 2025. Markets Reporter Josh Schafer joins Morning Brief to highlight a key takeaway — the stock market rally will broaden beyond the "Magnificent Seven" tech stocks.

KEY TAKEAWAYS The S&P 500 could hit 6500 by the end of next year, according to Goldman Sachs and Morgan Stanley, boosted by the U.S. economy's growth and higher corporate earnings.Goldman Sachs chief equity strategist David Kostin sees continued U.

After Morgan Stanley’s (MS) bullish outlook, another financial giant has joined the optimistic chorus for the S&P 500 in 2025. What’s more, it expects the growth of the S&P 500 to occur without relying on the outperformance of the Magnificent Seven,