Goldman Sachs just released their year-end target for the S&P 500: 7,600. Here's what's backing that call—they're basing it on $336 of estimated non-GAAP earnings per share.

That's a solid figure to benchmark against. The projection essentially implies continued earnings resilience heading into the close of the year, factoring in current macroeconomic conditions and corporate profit margins.

For context, this kind of institutional guidance usually reflects consensus on where the market could trade if earnings hold up and valuations remain reasonable. Whether the market actually reaches 7,600 depends on execution—how real those earnings estimates prove to be, and whether any macro headwinds derail the rally before year-end.

Worth keeping on your radar if you're evaluating portfolio positioning for the remainder of the year.