How high can US stocks go this year? Wall Street's top pick is 6100
As the third quarter comes to a close, investors are now looking ahead to the fourth quarter of US equities and the trajectory of the benchmark S&P 500 index through the end of the year. The market is divided, with some of Wall Street's most famous sell-side firms offering their views, with end-of-year target points ranging from a low of 4200 to a high of 6100. As of Monday's close, the S&P 500 was trading at 5718.57, up nearly 20% year-to-date and hovering near all-time highs. Below is a summary of some of the most popular sell-side firms' predictions for year-end targets:
BMO Capital: 6100
Evercore ISI: 6000
Oppenheimer Asset Management: 5900
Deutsche Bank: 5750
RBC: 5700
Scotia: 5650
UBS: 5600
Barclays: 5600
Goldman: 5600
Citigroup: 5600
Wells Fargo: 5535
Societe Generale: 5500
Bank of America: 5400
HSBC: 5400
Fundstrat Global Advisors: 5200
Cantor Fitzgerald: 5000
Morgan Stanley: 4200
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