The U.S. equity strategist now expects the S & P 500 will rise to 5,400 by the second quarter of 2025.
Just last week, the S & P 500 closed above 5,300 for the first time.
His bull case of 6,350 represents roughly 20% upside over the next 12 months for the S & P 500.
Deutsche Bank's Binky Chadha hiked his S & P 500 target to 5,100, noting the benchmark could pop to 5,500.
But market strategists on average are anticipating the S & P 500 will fall to 5,220 by the end of 2024, according to CNBC's Market Strategist Survey .
Persons:
Morgan, Mike Wilson, Wilson, Morgan Stanley's, Brian Belski, Chadha, Dubravko, Bujas
Organizations:
CNBC Market, Deutsche