Barclays Boosts S&P 500 Target to 7650
Raleigh News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Barclays raises S&P 500 target to 7650, predicting 16% upside, driven by robust tech earnings. Despite economic concerns, they see 2.6% GDP growth next year, supported by tech boom and consumer spending. However, they warn of risks like inflation and private credit fund stress, with a worst-case S&P drop to 5900. They upgraded industrials and shifted materials and energy to neutral, reflecting industrial pickup and energy gains.
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