The S&P 500 will jump 10% over the next year to 6,300, Goldman Sachs says

Chart shows one-year prediction for the S&P 500

Goldman Sachs increased its S&P 500 price target to match its upbeat view on company earnings even as others sound the alarm on risky stocks.

Analysts led by David Kostin wrote in a Friday note that the firm predicts the S&P 500 will reach 6,000 by the end of the year and 6,300 a year from now. If Goldman’s predictions are correct, the broad stock market index could increase by 4% through December and 10% over the next year.