Banking giant sets S&P 500 target for end of 2026
Amid the recent stock market dip, Wall Street banking giant Morgan Stanley remains optimistic that the benchmark S&P 500 index is likely to mount a major recovery in the coming 12 months.In this line, Morgan Stanley has issued one of Wall Street’s most bullish calls for the broader U.S. equity market, projecting that the S&P 500 will climb to 7,800 by the end of 2026. The target implies a potential 17% increase from the index’s current value of 6,658.S&P 500 one-month chart. Source: Google Finance The targe ...