Evercore ISI Sees S&P 500 Gain Raging On, Upping Target to 6,000

Jun 16, 2024 · Evercore ISI Sees S&P 500 Gain Raging On, Upping Target to 6,000 Emanuel’s previous target was among the lowest on Wall Street Strategist sees cooling inflation, AI …

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Evercore Ups S&P '24 Target To Street High 6,000, Says 7,000

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Emanuel raised his target on the benchmark index to 6,000 for the end of 2024. That's up from 4,750 and about 10% higher than current levels. The target is a high among Wall Street …

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Why This Market Strategist Roots For 26% Gain For S&P 500

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Jun 17, 2024 · The S&P 500 Index ended 2023 with a commendable 25% gain. Evercore ISI’s latest price target is a sharp bump up from the prior target of 4,750, which was among the …

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Stock Market Outlook: S&P 500 To 6000 By End Of 2024, Evercore …

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Jun 17, 2024 · Evercore ISI expects a 10% surge in the stock market by year-end, driven by AI growth. The firm raised its year-end S&P 500 target to 6,000 and said the index could hit 7,000 …

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Evercore ISI Lifts S&P 500 Year End Target To 6000. That’s ... - Reddit

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Emanuel expects the S&P 500’s jump to 6,000 by late December on EPS of $238, pushing the P/E multiple to 25. He sees a possibility of the index reaching 7,000 by the end of 2025. While …

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FAQs about Evercore ISI Sees S&P 500 Gain Raging On, Upping Target to 6,000 Coupon?

Is Evercore ISI a good stock for the S&P 500?

Overall, Evercore ISI's base case for the S&P 500 remains bullish, with the index expected to reach 6,000 by year-end, supported by a stable economy and continued earnings growth. ...

Why did Evercore ISI upgrade the technology sector to 'outperform'?

Along with the S&P 500 price target boost, Evercore ISI upgraded the technology sector to "Outperform" from "In Line" based on aging demographics and the growing adoption of AI technologies. "The sector is highly exposed to enabling and adopting Generative AI's productivity potential. ...

Can Evercore ISI predict a double digit rally through 2024?

A trader works on the floor of the New York Stock Exchange (NYSE) in New York. With the S&P 500 Index setting record after record, Evercore ISI is predicting another double-digit rally through the end of 2024. ...

Does Evercore ISI see a recession?

Currently, Evercore ISI sees no material signs of a recession. The firm notes that the U.S. S&P Composite PMI indicates ongoing economic expansion, and earnings estimates remain steady with strong EPS growth percentages. ...

Will the S&P 500 hit 7,000 by 2025?

The firm raised its year-end S&P 500 target to 6,000 and said the index could hit 7,000 by 2025. "High multiples are supported by companies' proven record of managing costs and maintaining/growing margins," Evercore ISI said. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview ...

Will the S&P 500 rise to 6500 by 2024?

Finally, Emanuel said that in his bull case scenario, in which investors revisit dot-com bubble-levels of exuberance, the S&P 500 could soar to 6,500 by the end of 2024. "Stocks are a long way from 'Bubble territory' but rapid gains, and abundant liquidity while earnings rise could 'inflate' — to 6,500," Emanuel said. ...