Bank of America Strategist Raises S&P 500 Target Again, Sees Index Ending 2022 at 4,600

Bank of America strategist Savita Subramanian raised her S&P 500 target to 4,600, a 3.5% gain from current levels.
This is her second target increase this year.
She believes the S&P 500 will climb by the end of 2022.
Subramanian is head of equity and quantitative strategy at Bank of America.
She shared her new target in a client note on Wednesday.

marketwatch.com

Relevant topic timeline:

9/4/2023

Stocks tend to plummet in September - but expect a better month this year, Bank of America says

Bank of America's technical strategist believes that despite historically poor September performance, the S&P 500's year-to-date rally positions it for further gains, with the potential for an 8% climb by the end of the year.

9/17/2023

BofA: S&P 500 Could See 25% Surge in 2023 Based on Profit Growth Expectations

Bank of America predicts that the S&P 500 could surge over 25% within the next year based on a bullish indicator, with low long-term profit growth expectations among analysts signaling potential gains.

9/17/2023

Market Strategists Forced to Revise Downward Forecasts as Unexpected Rally Continues

Stock-market strategists are raising their year-end targets for the S&P 500 Index after being largely wrong about this year's rally, but they still expect a market downturn in 2024 despite signs of a strong economy and improving profit outlook.

9/20/2023

Bank of America Raises S&P 500 Target on Bullish 2023 Outlook Despite Risks

Bank of America's head of US equity and quantitative strategy, Savita Subramanian, has raised the year-end target for the S&P 500 to 4,600, citing a bullish outlook and dismissing concerns of a consumer slowdown and Fed rate hikes.

9/26/2023

JPMorgan Strategist Forecasts New Stock Market High by 2024 as Inflation Cools and Fed Pivots to Rate Cuts

The S&P 500 is expected to reach a new all-time high by mid-2024 as the Federal Reserve is projected to stop raising interest rates, according to JPMorgan strategist AJ Oden. This forecast suggests a minimum increase of 12% from current levels.

10/11/2023

Experts Predict Another Year of Gains for U.S. Stocks Despite Economic Uncertainty

Stock-market experts predict the market will gain about 6.5 percent in the next year, with the S&P 500 index climbing to an average of 4,578, despite rising rates and growing economic uncertainty.

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Posted 9/20/2023, 2:35:00 PM

Bank of America Strategist Raises S&P 500 Target Again, Sees Index Ending 2022 at 4,600

Bank of America strategist Savita Subramanian raised her S&P 500 target to 4,600, a 3.5% gain from current levels.
This is her second target increase this year.
She believes the S&P 500 will climb by the end of 2022.
Subramanian is head of equity and quantitative strategy at Bank of America.
She shared her new target in a client note on Wednesday.

marketwatch.com

Relevant topic timeline:

9/4/2023

Stocks tend to plummet in September - but expect a better month this year, Bank of America says

9/17/2023

BofA: S&P 500 Could See 25% Surge in 2023 Based on Profit Growth Expectations

9/17/2023

Market Strategists Forced to Revise Downward Forecasts as Unexpected Rally Continues

9/20/2023

Bank of America Raises S&P 500 Target on Bullish 2023 Outlook Despite Risks

9/26/2023

JPMorgan Strategist Forecasts New Stock Market High by 2024 as Inflation Cools and Fed Pivots to Rate Cuts

10/11/2023

Experts Predict Another Year of Gains for U.S. Stocks Despite Economic Uncertainty

Stock-market experts predict the market will gain about 6.5 percent in the next year, with the S&P 500 index climbing to an average of 4,578, despite rising rates and growing economic uncertainty.