Oppenheimer strategists have lowered their year-end value target for the S&P 500 in gentle of the stickier inflation and geopolitical tensions over the primary half of 2022.
Oppenheimer & Co.’s John Stoltzfus, chief funding strategist and one of probably the most bullish prognosticators on Wall Street, now expects the S&P 500 SPX to complete the yr at 4,800, after staying stridently optimistic in his earlier forecast of 5,330. That signifies 24.8% upside within the index by year-end based mostly on its closing stage of 3,845 on Wednesday.
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