Reported 1 day ago
Oppenheimer's chief market strategist, John Stoltzfus, has raised the S&P 500 year-end target to 7,100 from 5,950, anticipating an 11% rally as trade uncertainties recede following a deal with the EU. Earnings projections have also improved, with expected earnings per share for 2025 at $275, suggesting the benchmark index could see over a 20% gain for three consecutive years. This optimistic outlook is bolstered by a strong earnings recovery among companies.
Source: YAHOO