This goes to show we can all be analysts. Throw a dart on the board and pick a number. And if we're far off, just throw again and revise our estimates. Easy! 👍🏼
Wall Street Revamps 2024 S&P 500 Targets after Record-Setting Stock-Market Rally
A record stock-market rally has caught many of Wall Street's top strategists flat-footed. Now, they're racing to catch up, updating their year-end S&P 500 targets.Heading into 2024, Wall Street investment banks and research firms largely expected U.S. stocks to post positive yet underwhelming gains after a robust and forecast-defying 2023. Last year's rally left investors to worry whether stocks could build on their gains as interest-rate and inflation threats lingered.The large-cap benchmark S&P 500 index SPX on Thursday notched its 20th all-time closing high in 2024, while the Nasdaq Composite COMP ended at its fourth all-time high and the Dow Jones Industrial Average DJIA scored its 16th record close so far this year, according to Dow Jones Market Data.See: 'Keep buying the S&P 500,' says Wall Street's most bullish bank - hikes year-end target to 5,500. At least five Wall Street banks have lifted their S&P 500 targets over the past two months.Wall Street firm 2024 S
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