Here is a list of the big Wall Street banks “predictions” for where the S&P 500 ends up in 2025. As always, take it with a grain of salt as you have seen from out previous posts they can be quite wrong.
Oppenheimer – 7,100 (Most Bullish)
John Stoltzfus cites strong economic fundamentals, robust consumer spending, and AI advancement. “The current bull market likely has legs strong enough to climb the proverbial ‘wall of worry’ into and through 2025,” noting that market breadth continues to broaden across sectors.
Wells Fargo – 7,007
Christopher Harvey projects this target based on “upward GDP revisions and the regulatory environment will catalyze cyclical opportunities.” He expects the Trump administration to create “an increasingly favorable macro environment for the stock market”.
Deutsche Bank – 7,000
Jim Reid bases this forecast on “a solid demand-supply backdrop for U.S. equities,” expecting S&P 500 buybacks to increase from $1.1 trillion to $1.3 trillion annually. The bank sees demand-supply dynamics remaining strong even with conservative assumptions.
Yardeni Research – 7,000
Eric Wallerstein emphasizes “very strong productivity growth” as a key driver, with continued growth benefiting both the economy and S&P revenues. He notes only a 15-20% probability of their main risk scenario – a global trade war.
DataTrek Research – 6,840
Projects solid growth while maintaining a more moderate stance than the most bullish forecasts.
RBC Capital Markets – 6,700
Lori Calvasina’s team predicts “another year of solid economic and earnings growth, some political tailwinds, and some additional relief on inflation” will keep stocks moving higher.
Bank of America – 6,666
Expects robust earnings growth and potential policy changes to benefit U.S. equities.
Goldman Sachs – 6,500
David Kostin forecasts 11% earnings growth in 2025 and 7% in 2026, with revenues growing in line with nominal GDP growth of 5% (2.5% real GDP plus 2.4% inflation).
Morgan Stanley – 6,500
Michael J. Wilson notes the importance of “staying agile amidst shifts in market leadership,” particularly given election-related uncertainties.
Citi – 6,500
Scott Chronert maintains “a positive stance on S&P 500 fundamentals, given the persistent resilience in earnings and the flexibility afforded by robust free cash flow generation”.
JPMorgan – 6,500
Projects 9% growth, citing AI investments and improved global economic policies as key drivers.
UBS – 6,400
Most conservative among major banks, projecting a 5.7% gain while maintaining a cautious outlook.
Stifel – 5,500
Barry Bannister warns of a potential 10-15% correction due to “slower economic growth and sticky inflation”.
BCA Research – 4,450 (Most Bearish)
Peter Berezin predicts a significant decline based on expectations of a recession in 2025 and concerns about global economic conditions.
Citations:
[1] https://pplx-res.cloudinary.com/image/upload/v1736348295/user_uploads/LdwrameNBOopQJC/Wall-Streeet-Bank-2025-predictions.jpg
[2] https://finance.yahoo.com/news/wall-street-issues-its-most-bullish-2025-sp-500-target-yet-144625166.html
[3] https://www.oppenheimer.com/theeitzenprivateclientgroup/2024/insights/oam/john-stoltzfus-announces-7100-price-target.aspx
[4] https://www.moomoo.com/news/post/46657198/wall-street-s-optimism-is-heating-up-again-wells-fargo
[5] https://www.investing.com/news/stock-market-news/deutsche-bank-forecasts-sp-500-to-hit-7000-by-end-of-2025-3741586
[6] https://www.financialsamurai.com/2025-wall-street-sp-500-forecasts/
[7] https://www.investing.com/news/stock-market-news/rbc-sees-sp-500-rallying-11-through-end-of-2025-3738744
[8] https://www.gurufocus.com/news/2642220/citi-analysts-predict-sp-500-growth-opportunities-by-2025
[9] https://www.goldmansachs.com/insights/articles/the-s-and-p-500-is-forecast-to-return-10-percent-in-2025
[10] https://finance.yahoo.com/video/propel-p-500-7-000-154630301.html
[11] https://www.openingbelldailynews.com/p/economic-outlook-oppenheimer-bull-stocks-investors-fed-rate-cut
[12] https://finance.yahoo.com/news/sp-500-seen-reaching-6600-next-year-by-strategists-at-rbc-barclays-154526840.html
[13] https://www.cnbc.com/2024/12/09/citigroup-sets-6500-target-for-sp-500-in-2025.html
[14] https://site.financialmodelingprep.com/market-news/goldman-sachs-forecasts-an–rise-for-the-sp–in-
[15] https://www.rbccm.com/en/story/story.page?dcr=templatedata%2Farticle%2Fstory%2Fdata%2F2024%2F12%2Fsome-of-the-biggest-things-were-thinking-about-heading-into-2025
[16] https://site.financialmodelingprep.com/market-news/citi-predicts-sp–will-reach–by–amid-heightened-volatility
[17] https://qz.com/2025-stock-market-predictions-jpmprgan-goldman-analysts-1851714659
Access your personal financial planning home page. Your homepage allows you to organize, store, and monitor all your personal financial information, including access to all of your accounts, credit cards, mortgages, insurance, and investments from a wide range of sources.
Access your account information, Blue Bell quarterly reports and commentary as well as Schwab statements and tax documents.
As a client of Blue Bell Private Wealth Management, LLC (“Company”), by selecting the “I Agree” button, I elect to participate in the password-protected access portion of Company Internet web site. I understand that my participation will allow me to review certain investment-related information published by Company and unaffiliated third parties. This password-protected access is made available to clients of Company free of charge. This authorization shall continue until canceled in writing.
I understand that the password-protected section is a secure web site intended only to allow a client access to information relative to his/her/its specific account. I also understand that I will be assigned an individual password. I agree not to share my password with any other person. I hereby release and hold Company harmless from any adverse consequences relative to any failure by me to keep the identity of my password secure.
