The S&P 500 predictions for Wall Street have reached new heights in 2024, with the benchmark index hitting record highs. This surge has exceeded the average year-end target set by Wall Street strategists, prompting two major firms to raise their projections for the stock market’s performance this year.
Goldman Sachs and UBS have both increased their year-end targets, with UBS now forecasting the S&P 500 to end the year at 5,400, reflecting an almost 8% increase from the current price. Both firms cited a more positive outlook for corporate earnings as a reason for their upward revisions.
This bullish sentiment from major financial institutions signals a strong start to the year for the stock market, with potential for further growth in the coming months.
2024-02-20 14:30:20
Link from finance.yahoo.com