RBC Capital Markets has raised its year-end target price for the S&P 500 from 5,150 to 5,300, indicating an 11% increase. The move comes as the first quarter of 2024 concludes, with other Wall Street firms also adjusting their forecasts for the index.
At 5,254, the S&P 500 is already 8% above the average 2024 year-end price target from Wall Street strategists (4,861). $SPX Video: https://t.co/NwpmKkw1uB https://t.co/9ShiRH4fai
S&P 500 $SPX will finish the year at 5,300 says RBC. Another Wall Street firm moves their price target higher! https://t.co/SPiGrpcaHu
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❖ RBC lifts S&P 500 target to 5,300, adjusts EPS forecast As the first quarter of 2024 comes to an end, strategists at RBC Capital Markets lifted their 2024 year-end target price for the S&P 500 from 5,150 to 5,300, representing an 11% increase compared to the closing figures…
RBC lifts S&P 500 target to 5,300, adjusts EPS forecast https://t.co/5VY66X2Qgg https://t.co/81VU8qoncZ