Wall Street’s S&P 500 forecasts still eye a strong rally, despite recent trims.
The S&P 500 needs a 26% increase starting from Tuesday until the end of the year to achieve the Wall Street median target of 6,400 according to MarketWatch's roundup despite recent target reductions. The analysts at Oppenheimer reduced their 7,100 forecast to 5,950 according to Reuters and Bank of America reduced their 6,666 forecast to 5,600. The highest target among analysts now belongs to Deutsche Bank at 7,000.
RBC analyst Lori Calvasina who reduced her forecast twice this year warns investors against using these numbers as their sole basis. The target serves as a directional guide rather than an exact prediction according to her statement. The analyst points out that adjustments are typical because experts continuously modify their stock recommendations based on new data throughout the year.
The S&P 500 finished Monday at 5,062.25 with a 2.45% increase but suffered a 0.2% decline from the day's wild fluctuations as investors remained uneasy about Thursday and Friday's market drops. The market value decreased by 15% since February when Trump launched his tariff attack which frightened investors.
Shandor Brenner is an American journalist recognized for his sharp and insightful reporting on social and political issues. His work is known for its depth, integrity, and the ability to highlight critical societal concerns.