RBC lifts S&P 500 year-end price target to 6,250
The S&P 500 eased from a record high on Friday as caution prevailed after President Donald Trump imposed 50% tariffs on Brazil and the EU braced for possible new U.S. tariffs, though the index remains up about 6.4% so far in 2025.
"Both RBC economics and consensus anticipate another year like this in 2026," said the RBC strategist, adding that their analysis now factors in how stocks perform leading up to periods of moderate GDP growth, specifically between 1.1% and 2%.
Last month, RBC raised its S&P targets to 5,730 from 5,500 points, while earlier this month, BofA Global Research and Goldman Sachs also raised their year-end targets for the S&P 500 index.
RBC maintained its 2025 S&P 500 EPS forecast at $258, slightly below consensus, and noted it is still too early to dismiss concerns about the impact of tariffs based on early earnings reports.
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The Guardian
43 minutes ago
- The Guardian
Trump's 30% tariffs would ‘practically prohibit' EU-US trade, says Šefčovič
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Coin Geek
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- Coin Geek
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Fashion United
2 hours ago
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Trump announces 30 percent tariffs on EU imports
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