Fundstrat just hiked its S&P 500 price target — here’s why
Fundstrat Global Advisors is one of the more bullish outfits around, and the investment firm is now even more optimistic about the stock market.
The firm raised its year-end price target for the S&P 500
to 4,800 from 4,700, which would be a 6% gain from Tuesday’s close of 4,519.63.
Strategists led by Tom Lee said such a rise is consistent with other rallies in 2021 following consolidations.
The year-end seasonal pattern is strong after October, they noted. Bitcoin …