Morgan Stanley Hikes S&P 500 Target By 20%
The S&P 500 index closed at 5,308 on Monday’s trading and surged by 0.092% and 4.86 points in the day’s trade. It’s hovering near its 52-week high of 5,325 and delivered stellar returns in Q1 of 2024. Leading global investment bank Morgan Stanley remains bullish on the prospects of the S&P 500.
Also Read: What Made Gold Prices Hit An All-Time High Today?
The markets rallied this year despite murmurs of a recession doing the rounds for over a year. The US stock market defied all odds and spiked in price amid geopolitical tensions and conflicts escalating in troubled regions. This puts the S&P 500 at the center of attention as it measures the performance of the US stock market making Morgan Stanley turn bullish on the index.
The index tracks the performance of the largest publicly traded companies in the US. In this article, we will highlight what Morgan Stanley has predicted about the future of the index.
Also Read: U.S. Stock Market Has Dominated the World For 120 Years
Morgan Stanley Predicts the S&P 500 Index To Reach 6,350, Surge 20%
The global investment bank Morgan Stanley has painted a rosy picture for the S&P 500 index. According to the forecast, the S&P 500 index’s price could sustainably scale up in the charts in the next 12 months. The bank predicted that the S&P 500 will surge by 20% in the next 12 months and reach a price target of 6,350.
Also Read: 10 ASEAN Countries To Ditch the U.S. Dollar
Mike Wilson from Morgan Stanley has increased the price target from 5,300 to 6,350 in the next 12 months. However, on the downside, if the markets dip due to unforeseen circumstances, it could fall to the 4,200 level.
The forecast estimates that large-cap stocks will outperform small-caps due to stronger earnings and durable margins. A healthier balance sheets within the S&P 500 stocks will also be the reason that will drive a 20% upside, predicts Morgan Stanley.
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Morgan Stanley Predicts S&P 500 Index Will Hit Massive New All-Time High by Mid-2026 – But There’s a Catch: Report
Morgan Stanley Hikes S&P 500 Target By 20%
The S&P 500 index closed at 5,308 on Monday’s trading and surged by 0.092% and 4.86 points in the day’s trade. It’s hovering near its 52-week high of 5,325 and delivered stellar returns in Q1 of 2024. Leading global investment bank Morgan Stanley remains bullish on the prospects of the S&P 500.
Also Read: What Made Gold Prices Hit An All-Time High Today?
The markets rallied this year despite murmurs of a recession doing the rounds for over a year. The US stock market defied all odds and spiked in price amid geopolitical tensions and conflicts escalating in troubled regions. This puts the S&P 500 at the center of attention as it measures the performance of the US stock market making Morgan Stanley turn bullish on the index.
The index tracks the performance of the largest publicly traded companies in the US. In this article, we will highlight what Morgan Stanley has predicted about the future of the index.
Also Read: U.S. Stock Market Has Dominated the World For 120 Years
Morgan Stanley Predicts the S&P 500 Index To Reach 6,350, Surge 20%
The global investment bank Morgan Stanley has painted a rosy picture for the S&P 500 index. According to the forecast, the S&P 500 index’s price could sustainably scale up in the charts in the next 12 months. The bank predicted that the S&P 500 will surge by 20% in the next 12 months and reach a price target of 6,350.
Also Read: 10 ASEAN Countries To Ditch the U.S. Dollar
Mike Wilson from Morgan Stanley has increased the price target from 5,300 to 6,350 in the next 12 months. However, on the downside, if the markets dip due to unforeseen circumstances, it could fall to the 4,200 level.
The forecast estimates that large-cap stocks will outperform small-caps due to stronger earnings and durable margins. A healthier balance sheets within the S&P 500 stocks will also be the reason that will drive a 20% upside, predicts Morgan Stanley.
Read More