Wall Street's most bullish strategist predicts S&P 500 could reach 7,000 this year

From Yahoo Finance: 2025-05-18 15:10:00

Wall Street strategists initially bullish for 2025 lowered S&P 500 targets after Trump’s tariff announcements. Wells Fargo’s Christopher Harvey remains optimistic, predicting a bullish second half of the year. Despite tariff uncertainties, Harvey’s price target for the S&P 500 remains at 7,000, the highest among his peers. Recent economic data suggests a positive outlook, with more jobs added in April and cooling inflation. Harvey believes tailwinds around AI and increased M&A activity will resurface, although higher interest rates pose a risk. Despite ongoing tariff challenges, Harvey sees potential for the market to move higher this year, possibly hitting the low to mid 6,000s. Wall Street’s most bullish strategist remains optimistic despite tariff drama, predicting the S&P 500 Index could reach 7,000 this year. The Motley Fool reports on the unwavering confidence in the market’s potential growth amidst global economic challenges. This positive outlook reflects a belief in the resilience and strength of the stock market.



Read more at Yahoo Finance: Through All of the Tariff Drama, Wall Street’s Most Bullish Strategist Hasn’t Flinched. He Still Thinks the S&P 500 Index Can Hit 7,000 This Year.