Why this analyst lifted S&P 500 target to 7,000 for 2025 and cited ‘meltup' risk
Portfolio Pulse from
Yardeni Research has raised its S&P 500 target to 7,000 for 2025, citing potential 'meltup' risks fueled by Donald Trump's White House administration. This optimistic outlook suggests a significant rally in the U.S. stock market.
November 11, 2024 | 6:30 pm
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Yardeni Research's optimistic target for the S&P 500 at 7,000 by 2025 could positively impact IVV, an ETF that tracks the S&P 500, due to potential 'meltup' risks.
IVV is an ETF that tracks the S&P 500 index. An increase in the S&P 500 target to 7,000 suggests a bullish outlook, which could lead to increased investor interest and inflows into IVV, potentially driving its price up.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80