Wall Street analysts are bullish on stocks, expecting further record highs by year-end

From Yahoo Finance: 2024-07-12 22:01:36

The S&P 500 continues to hit record highs, with Wall Street analysts increasing their year-end price targets. Evercore ISI is the most bullish with a target of 6,000, followed by Oppenheimer at 5,900, Yardeni Research at 5,800, Ned Davis Research at 5,725, Goldman Sachs at 5,600, and UBS also at 5,600. Analysts cite factors such as AI benefits, consumer resilience, and potential Fed rate cuts as drivers for the bullish outlook. Despite concerns about valuation multiples and earnings growth, overall sentiment remains positive for the stock market in the second half of 2024.



Read more at Yahoo Finance: Wall Street is bullish on stocks for the 2nd half of the year. Here are each firm’s exact forecasts.