Oppenheimer’s Stoltzfus New Top S&P 500 Bull With 7,100 Target
- Strategist sets 2025 target of 7,100, forecasting a 17% gain
- Wall Street generally optimistic about US equities next year
The S&P 500 will extend its record-setting rally to 7,100 by the end of next year amid a strong economy, according to Oppenheimer Asset Management, whose outlook is now the most bullish among peers.
Fundamentals “suggest the current resilience of the economy and the stock market appear poised to continue into next year,” the firm’s Chief Investment Strategist John Stoltzfus wrote in a note.