Deutsche Bank’s Chadha Targets S&P 500 at 7,000 as Economy Roars
- Chadha’s forecast far exceeds peers at Goldman, Morgan Stanley
- Robust earnings growth and valuations to support stocks
This article is for subscribers only.
The S&P 500 will hit 7,000 points by the end of next year, according to Deutsche Bank AG’s Bankim Chadha, making him the most optimistic among Wall Street strategists predicting further gains for US stocks.
Chadha’s target — the highest among those tracked by Bloomberg — implies a surge of 17% from the current level. The forecast far surpasses those of peers at Goldman Sachs Group Inc. and Morgan Stanley, who recently boosted their views and expect the benchmark to reach 6,500 by the end of 2025.