Source: Caixin.

Author: Bian Chun. ①As the competition for the election intensifies, US Vice President Kamala Harris opened an official TikTok account on Thursday; ②Some people believe that Harris's popularity on multiple social media platforms may be a signal of young Americans supporting Harris. ③As the competition for the election intensifies, US Vice President Kamala Harris opened an official TikTok account on Thursday. This highlights the importance of this popular social application as a way of reaching voters for the 2024 presidential election.

Wall Street's forecast for the US stocks in 2025 has reached a new high.

On Tuesday, wells fargo & co stock strategist Christopher Harvey and his team released their target level for the s&p 500 index by the end of 2025: 7007 points.

This is the highest target price given by mainstream investment banks on Wall Street, which implies that the s&p 500 index.$S&P 500 Index (.SPX.US)$is expected to rise by about 16% by the end of next year.

On Tuesday, the three major us stock indexes had mixed performances, with the s&p 500 index and nasdaq reaching new closing highs, while technology stocks continued their recent upward trend as investors awaited more employment data. The dow jones industrial average slightly declined. By the close, the s&p 500 index rose 0.05% to 6049.88 points.

The target price given by wells fargo & co is 7 points higher than the predictions from deutsche bank and research firm Yardeni Research, both of which forecasted the s&p 500 index to close at 7000 points by the end of 2025, previously the highest prediction on Wall Street.

"Overall, we expect the Trump administration to create a macro environment increasingly favorable for the stock market, while the federal reserve will slowly cut interest rates," Harvey wrote in his 2025 stock market outlook.

"In short, this is a backdrop for the stock market to continue rising."

Harvey added that the stock market will rise in an environment where corporate profit margins continue to expand, the USA economic growth exceeds the current general forecast of 2.1%, and there is a "rebound in activity."MergerHarvey believes that 'upward revisions in GDP and regulatory environment will catalyze cyclical opportunities'. This is similar to Bank of America's outlook for 2025, which also anticipates economic growth in the USA driving gains in cyclical sectors.

Harvey believes that "upward revisions to GDP and the regulatory environment will catalyze cyclical opportunities." This is similar to the outlook by bank of america for 2025, which also predicts that USA economic growth will drive up cyclical sectors.

Harvey forecasts that the s&p 500 equal weight index will perform well in 2025, as this index is not overly influenced by the performance of large technology stocks, unlike market cap weighted indexes.

In other words, Harvey is the latest Wall Street analyst to predict that the range of the USA stock market rebound will expand from the "magnificent 7" to the other 493 constituent stocks in the s&p 500 index.

Harvey also wrote in the report that, considering the optimistic market sentiment, high stock valuations, and solid economic growth, he initially "favored contrarian investing," but "the data does not support weak or negative performance for the s&p 500 index."

"2025 is likely to be a year of transition from solid to strong," Harvey wrote.

As 2024 approaches its end, Wall Street analysts are increasingly providing their outlook for the stock market in 2025. The target prices they are calling out are getting higher and higher.

Goldman Sachs and Morgan Stanley both predict that by the end of 2025, the s&p 500 index could reach 6500 points, citing the sustained growth of the usa economy, strong corporate earnings, and the fed's interest rate cuts. Bank of America predicts that the s&p 500 index is expected to reach 6666 points by the end of 2025.

Editor/Rocky