Reported 8 months ago
Investment bank Evercore ISI has raised its year-end prediction for the S&P 500 index to 6000 points, with stock and quantitative strategist Julian Emanuel adjusting the forecast from 4750 points. Optimism surrounding economic recovery, improved corporate earnings, and the end of the Federal Reserve tightening cycle has driven the index up by 14% this year. Emanuel believes factors like inflation relief and the AI boom will further boost the stock market, leading to a revised earnings per share expectation and a target of 7000 points by the end of 2025.
Source: YAHOO