Wall Street banks have been raising year-end targets for the S&P500 🤨

There is further rebalancing in the stock market, with technology stocks leading the gains again, thanks to Tesla's rebound rather than AI. GM is adapting its electric vehicles to Tesla's charging stations to help standardize charging in the electric vehicle industry. In addition, Wall Street investment banks have been actively raising year-end target prices for the S&P 500 Index, with Goldman Sachs recently raising its year-end target price from 4,000 to 4,500 points, thanks to multiple expansions in valuation multiples (EPS forecast remains unchanged at $224 ).

Finally, a finding that may be somewhat surprising is that based on previous history, narrow market width does not necessarily lead to poor stock market performance in the medium term, so the current complacency in the stock market may not be wrong.

#Tesla #S&P500 #高盛 #电动车行业