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 and Morgan Stanley predict the S&P 500 will Hit 6,500 by the end of 2025, based on confidence in the US economy and corporates' ability to perform. This forecast implies a more than 10% increase from the current level of 5,

Goldman Sachs has forecast the S&P 500 index would reach 6,500 by the end of 2025, joining peer Morgan Stanley, on the back of continued growth in the U.S. economy and corporate earnings.