Goldman Sachs Targets $300B Private Credit by 2029, Projects S&P500 at 7600
Goldman Sachs plans to build a $300 billion private credit portfolio by 2029 through global expansion, partnerships and buyouts to diversify revenue streams. The bank's strategists also project the S&P 500 reaching 7,600 by end-2026 (14% upside) with index earnings at $309 in 2026 and $342 in 2027.
1. Private Credit Growth Plan
Goldman Sachs is aggressively scaling its private credit business toward a $300 billion portfolio by 2029, leveraging new regional hubs in Europe, Asia and North America along with strategic partnerships and targeted buyouts to broaden its credit offerings and diversify fee-based revenue streams.
2. Index Outlook and Earnings Forecasts
The firm's equity strategists have lifted the S&P 500 year-end 2026 target to 7,600, implying a 14% gain, based on projected index earnings rising to $309 per share in 2026 and $342 in 2027, with technology companies expected to contribute roughly $92–$109 per share and financials, healthcare and communication services adding incremental growth.
3. Stock Price and Analyst Sentiment
Shares of Goldman Sachs have fallen 13.6% over the past four weeks, triggering technical oversold signals that suggest a reduction in selling pressure, while analysts have raised their 2026–27 earnings estimates, indicating a potential catalyst for a share-price rebound in the medium term.