Reported 8 months ago
Citi has raised its year-end S&P 500 target to 5600, joining Goldman Sachs and Evercore ISI in increasing their targets for the index. This comes as the S&P 500 achieves its 30th record-high close of the year. Analysts attribute this bullish trend to the advancement of AI technology driving market growth, with projections extending into 2025 hinting at further potential gains. Industrial sectors are highlighted as beneficiaries of this AI-driven expansion, although caution is advised to avoid excessive AI spending dampening customer experiences and stock performance.
Source: YAHOO