Barclays sees more upside in store for the broad market in 2025.
Equity strategist Venu Krishna lifted the firm's price target on the S & P 500 to 6,600 from 6,500, citing expectations for U.S. technology "exceptionalism" and a "virtuous cycle between income and consumption."
.SPX YTD mountain Shares this year The new target from the firm reflects 10% upside from Monday's close and 10% upside from the firm's revised 6,000 current year-end price target.
The S & P 500 has surged 25.5% since the start of the year.
The firm also lifted its earnings per share estimates for the index to $271 from $268, suggesting nearly 12% year-over-year growth.
Persons:
Venu Krishna, Krishna
Organizations:
Barclays, Big Tech