How high can US stocks go this year? Wall Street's top pick is 6100

Market VisionTuesday, Sep 24, 2024 10:20 am ET

1min read

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

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.