Wall Street’s most optimistic forecast predicts the S&P 500 will reach a new high of 7,100 by 2025. This ambitious target is attributed to a resilient economy, according to John Stoltzfus, chief investment strategist at Oppenheimer Asset Management. His forecast surpasses Deutsche Bank’s current top prediction of 7,000, which is also shared by Yardeni Research. In contrast, UBS believes the bottom for the index will be at 6,400.
The S&P 500 has been on a steady rise, with many analysts predicting a continued upward trend in the coming years. While some predictions may vary, one thing is clear: Wall Street’s most bullish forecast has set a new high bar for the iconic stock market index.
Source: https://www.marketwatch.com/story/wall-street-has-a-new-high-bar-for-the-s-p-500-in-2025-heres-whats-driving-that-57c168db