In the past week, Piper Sandler & Co., UBS Group AG, and Barclays Plc have all raised their targets. Furthermore, two firms, Goldman Sachs Group and UBS, have revised their forecasts upwards twice since December.
Key takeaways:
- The surge in AI stocks has caught Wall Street forecasters by surprise, leading to a scramble among strategists to keep pace with a stock market rally that has already exceeded their expectations for 2024.
- Five Wall Street firms have already increased their forecasts for the S&P 500 Index, which has risen 7% at the start of the year after a 24% increase in 2023.
- In the past week, Piper Sandler & Co., UBS Group AG, and Barclays Plc have all raised their targets.
- Two firms, Goldman Sachs Group and UBS, have revised their forecasts twice since December.