Reported 2 days ago
Wall Street has set a new high target for the S&P 500 in 2025, with Oppenheimer's John Stoltzfus projecting it to reach 7,100. This suggests a potential 17% rise from current levels due to factors like resilient economic growth and trends in monetary policy. Stoltzfus anticipates S&P 500 earnings per share to grow to $275, contributing to a forward P/E ratio expected to exceed the historical average. He emphasizes the broadening market rally and potential benefits from advancements in artificial intelligence across all sectors.
Source: YAHOO