Deutsche Bank expects the S & P 500 could climb more than 11% to a record next year — and said its base case seems "conservative."
The investment bank set its 2024 year-end S & P 500 target at 5,100, or more than 11% above where the broader index closed Friday at 4,559.34.
In its bull case, Deutsche Bank expects the S & P 500 could even climb to 5,500, or more than 20% above where the benchmark closed last.
"We note that the S & P 500 has been in a clear trend up channel since the [Great Financial Crisis].
Goldman Sachs' David Kostin expects the S & P 500 will chop around and finally end next year at 4,700 .
Persons:
—, Jim Reid, Reid, America's Savita Subramanian, Lori Calvasina, Goldman Sachs, David Kostin
Organizations:
Deutsche Bank, Bank, America's
Locations:
London, financials