PUBLISHED MON, JUL 4 20228:17 AM
Source: CNBC by Yun Li
After a brutal first half, strategists from major Wall Street firms see stocks regaining most of the ground they lost into the year-end.
The S&P 500 is expected to finish the year around 4,627, more than 20% higher from Friday’s level, according to the average year-end target of top 15 Wall Street strategists. That means the strategists think the market will likely recoup most of 2022′s losses and finish the year down only about 3%.
WALL STREET’S 2022 OUTLOOK
| FIRM | STRATEGIST | 2022 S&P 500 | 2022 EPS | IMPLIED P/E |
|---|---|---|---|---|
| BANK OF AMERICA MERRILL LYNCH | Savita Subramanian | 4500 | $173 | 26.01 |
| BARCLAYS | Maneesh Deshpande | 4500 | $223 | 20.18 |
| BMO | Brian Belski | 4800 | $245 | 19.59 |
| CFRA | Sam Stovall | 4675 | $228 | 20.50 |
| CITI | Scott Chronert | 4200 | $226 | 18.58 |
| CREDIT SUISSE | Jonathan Golub | 4900 | $235 | 20.85 |
| DEUTSCHE BANK | Binky Chadha | 4750 | $230 | 20.65 |
| EVERCORE ISI | Julian Emanuel | 4800 | $228 | 21.05 |
| GOLDMAN SACHS | David Kostin | 4300 | $226 | 19.03 |
| JPMORGAN CHASE | Dubravko Lakos-Bujas | 4900 | $230 | 21.30 |
| MORGAN STANLEY | Mike Wilson | 3900 | $225 | 17.33 |
| OPPENHEIMER | John Stoltzfus | 5330 | $230 | 23.17 |
| RBC | Lori Calvasina | 4700 | $231 | 20.35 |
| UBS | Keith Parker | 4850 | $242 | 20.04 |
| WELLS FARGO INVESTMENT INSTITUTE | Darrell Cronk | 4300 | $220 | 19.55 |