menu search

UBS forecasts the S&P 500 to 5200 if AI proves to be a game changer (& 2 other factors)

UBS forecasts the S&P 500 to 5200 if AI proves to be a game changer (& 2 other factors)
Equity analysts at UBS have raised their June 2024 price forecasts for the S&P 500 benchmark index to 4700 citing an expectation that earnings growth will gather pace in 2024:expects S&P 500 EPS of $220 (0% YoY, +4% YoY ex-energy) for 2023 and $240 (+9% YoY) for 2024“The more resilient economic activity is having a favorable impact on corporate profits. With second quarter earnings season largely complete, the results give us conviction that S&P 500 EPS growth has likely troughed,” 2023 year-en... Read More
Posted: Sep 1 2023, 00:51
Author Name: forexlive
Views: 111699

Search within

Pages Search Results: