BMO Capital Markets has raised its 2024 S&P 500 price target to 5,600, the highest forecast on Wall Street. This adjustment comes as the firm acknowledges underestimating the strength of market momentum. According to the latest Bloomberg strategist survey, the S&P 500 Index is currently setting all-time highs, and BMO predicts further gains through the end of 2024.
With the S&P 500 Index setting all-time highs, BMO Capital Markets is predicting even more gains through the end of 2024 https://t.co/rG0Kd40EgQ
BMO Sees Stock Rally Raging On, Lifting S&P 500 Target to 5,600 - BBG https://t.co/ZqDHH2tcr3
BMO Capital just raised its year-end forecast for the S&P 500 Index to 5,600 the highest among Wall Street forecasters tracked by Bloomberg https://t.co/pKA8PB07v9