Wall Street predicts S&P 500 surge fueled by tech giants and economic resilience.
TL;DR Summary
Stifel has raised its S&P 500 target to 4,400 from 4,200, predicting a sharp drop in inflation and preferring Cyclical over Defensive stocks led by Cyclical Growth and Cyclical Value. The firm also forecasts a more balanced fiscal and monetary consensus to emerge, and is only concerned about the risk of a recession and bear market by late-2023.
- Stifel boosts S&P target, predicts sharp drop in inflation Seeking Alpha
- S&P 500 could rise as high as 4,400 in coming months, says Wall Street strategist who called 2023's rebound MarketWatch
- Apple and Amazon Stock Could Power the S&P 500 to 4400 Barron's
- Stifel raises S&P forecast, citing 'economic resilience' Yahoo Finance
- S&P 500 Price Forecast – Stock Markets Continue to Go Back and Forth FX Empire
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