U.S. brokerage Evercore ISI expects the S&P 500 index to reach 7,750 points by the end of next year, which is 20% higher than the current level

According to a report by Bloomberg, Julian Emanuel, Chief Equity and Quantitative Strategist at the American brokerage Evercore ISI, has published a report predicting that the S&P 500 index will rise to 7,750 points by the end of next year, which is 20% higher than the current level. He believes that the artificial intelligence technology revolution will elevate stocks, valuations, and society to new heights. This prediction is the most optimistic among various brokerages.

The firm also raised its target for the S&P 500 index this year to 6,250 points, lower than last week's closing of 6,460 points and the market's average expectation of 6,370 points. The firm also acknowledged the broad possibilities for next year, stating that in the most bullish scenario that triggers "animal spirits," the S&P 500 index could reach 9,000 points, while in the most bearish scenario of high inflation and stagnant economic growth, the S&P 500 index could fall to 5,000 points