Wall Street strategists are making increasingly optimistic predictions for the S&P 500 Index, which closed Thursday at 4,429.10. Goldman Sachs Group Inc.’s David Kostin is now calling for 4,900 at the end of next year. Yardeni Research Inc.’s Edward Yardeni is targeting 5,000. Leuthold Group Inc.’s Jim Paulsen is looking out further, to 2025, and seeing a bigger round number: 6,000. Paulsen raised the possibility in a report Thursday that assumed the U.S. economy will grow for the next four years. His projection values the S&P 500 at 20 times earnings per share of $300.
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