How much more can the US stock market rise this year? Wall Street sees it reaching as high as 6100 points
Some well-known sell-side institutions on Wall Street have forecasted the year-end target range for the S&P 500 index to be between 4200 and 6100. The S&P 500 index is currently at 5718.57, with a year-to-date increase of nearly 20%. The forecasts from various institutions include: BMO Capital 6100, Evercore ISI 6000, Oppenheimer 5900, Deutsche Bank AG 5750, RBC 5700, etc
According to the latest information from Zhitong Finance and Economics APP, as the third quarter is coming to an end, investors are now looking forward to the outlook for the fourth quarter of the US stock market and the performance of the benchmark S&P 500 Index by the end of this year.
There are various opinions in the market, and some of the most famous sell-side institutions on Wall Street have also provided their views, with year-end target points for the S&P 500 Index ranging from a low of 4200 to a high of 6100. As of the close on Monday, the S&P 500 Index closed at 5718.57, with a year-to-date increase of nearly 20%, currently hovering near its all-time high.
Below is a summary of the year-end target forecasts from some of the most popular sell-side institutions on Wall Street:
BMO Capital: 6100
Evercore ISI: 6000
Oppenheimer Asset Management: 5900
Deutsche Bank: 5750
RBC: 5700
UBS: 5650
UBS: 5600
Barclays: 5600
Goldman Sachs: 5600
Citigroup: 5600
Wells Fargo: 5535
Societe Generale: 5500
Bank of America: 5400
HSBC: 5400
Fundstrat Global Advisors: 5200
Cantor Fitzgerald: 5000
JP Morgan: 4200