Wall Street’s S&P 500 targets are still pointing to a significant rally, despite recent cuts. The median target for the index now stands at 6,400, which represents a potential 26% increase from current levels if stocks were to recover.
The targets were compiled by major Wall Street banks and reflect their forecast for the market’s trajectory over the next few months. While there has been some reduction in the targets since last week, they remain optimistic about the prospects for a strong finish to the year.
A rally of this magnitude would be a significant bounce back from the recent downturns. Investors will continue to monitor these targets closely as the market approaches the end of the year and ahead of any major economic data releases.
Source: https://www.marketwatch.com/story/wall-streets-s-p-500-targets-are-still-predicting-a-big-rally-even-after-a-flurry-of-cuts-f3f6ad36