How much more can the U.S. stock market rise this year? Wall Street's highest projection is up to 6100 points.
24/09/2024
GMT Eight
As the third quarter comes to an end, investors are now looking ahead to the outlook for the fourth quarter of the US stock market and the movement of the benchmark S&P 500 index by the end of this year.
There are various opinions in the market, and some of Wall Street's most famous sell-side institutions have also given their views, with year-end target points for the S&P 500 index ranging from as low as 4200 to as high as 6100. As of Monday's close, 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.
The following outlines the year-end target predictions of some of Wall Street's most popular sell-side institutions:
BMO Capital: 6100
Evercore ISI: 6000
Oppenheimer Asset Management: 5900
Deutsche Bank: 5750
RBC: 5700
UBS: 5650
UBS: 5600
Barclays Bank: 5600
Goldman Sachs: 5600
Citigroup: 5600
Wells Fargo: 5535
Industrial Bank of France: 5500
Bank of America: 5400
HSBC: 5400
Fundstrat Global Advisors: 5200
Cantor Fitzgerald: 5000
JPMorgan Chase: 4200