Skip to content

Oppenheimer Strategist Dials Back His S&P 500 Call, Wall Street’s Most Bullish

  • Oppenheimer revises year-end target to 4,800 from 5,330
  • Stoltzfus cites stickier inflation and geopolitical turmoil
Updated on

Wall Street’s most-bullish strategist is tempering his outlook for the stock market, citing persistent inflationary pressures and geopolitical turmoil. 

Oppenheimer’s John Stoltzfus now sees the S&P 500 finishing the year at 4,800, compared with a previous forecast of 5,330. His new prediction still implies a 24% rally from current levels. The gauge climbed about 1% at 10:28 a.m. in New York Thursday.