Wall Street strategists aren't relying on AI to drive the stock market rally anymore: Morning Brief [Yahoo! Finance Canada]
Evercore Inc. Class A (EVR)
Last evercore inc. class a earnings: 4/22 06:00 am
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Source: Yahoo! Finance Canada
The chart of the day What we're watching What we're reading Economic data releases and earnings The early results are in and Wall Street strategists issuing 2025 forecasts see the S&P 500 ( ^GSPC ) rally chugging along over the next 12 months. But missing from their baseline calls is one of the most popular themes of the past 18 months in markets: artificial intelligence. AI driving the market higher has been a hallmark of market calls dating back to the spring of 2023 when Nvidia's first blowout earnings report of the cycle kickstarted a roaring bull market rally On Monday, BMO Capital Markets chief investment strategist Brian Belski initiated a 2025 year-end target of 6,700 for the S&P 500. Meanwhile, Morgan Stanley chief investment officer Mike Wilson issued a 12-month target of 6,500. Neither leaned too far into the impact of AI driving stocks higher — perhaps a sign of a maturing bull market — and instead, both discussed further broadening of the rally away from
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EVR
Earnings
- 10/23/24 - Beat
EVR
Sec Filings
- 11/20/24 - Form 144
- 11/19/24 - Form 4
- 11/19/24 - Form 144
- EVR's page on the SEC website