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Deutsche Bank currently anticipates it will hit 7,000 points by year-end, up from its earlier expectation of 6,550 points.
The S&P 500 ended Tuesday's trading session at 6,512.61 points. Consequently, the updated projection indicates an increase of 7.5%.
Deutsche Bank analysts increased their average earnings per share (EPS) forecast for S&P 500 companies to $277 from $267 due to strong financial performance in the second quarter.
Barclays analysts raised their prediction for the index to 6,450 points, up from the earlier anticipated 6,050 points. This indicates a reduction of 1% from the present level. They increased their EPS estimate to $268, up from $262.
Simultaneously, Barclays anticipates the index will climb to 7,000 points by 2026, up from the earlier projection of 6,700 points. The EPS projection was increased to $295 from $285.
Analysts at Wells Fargo Securities anticipate the S&P 500 will reach 7,200 points by the end of next year (up from a previous forecast of 6,800 points), representing nearly an 11% increase from the current level.
source: bloomberg.com
The S&P 500 ended Tuesday's trading session at 6,512.61 points. Consequently, the updated projection indicates an increase of 7.5%.
Deutsche Bank analysts increased their average earnings per share (EPS) forecast for S&P 500 companies to $277 from $267 due to strong financial performance in the second quarter.
Barclays analysts raised their prediction for the index to 6,450 points, up from the earlier anticipated 6,050 points. This indicates a reduction of 1% from the present level. They increased their EPS estimate to $268, up from $262.
Simultaneously, Barclays anticipates the index will climb to 7,000 points by 2026, up from the earlier projection of 6,700 points. The EPS projection was increased to $295 from $285.
Analysts at Wells Fargo Securities anticipate the S&P 500 will reach 7,200 points by the end of next year (up from a previous forecast of 6,800 points), representing nearly an 11% increase from the current level.
source: bloomberg.com