Wall Street analysts expect the S&P 500 to rise 19% over the next 12 months. Here are their 10 favorite stocks.
Outside of a handful of highflying technology stocks, U.S. stocks have been practically flat in 2023, but on Wall Street, some analysts remain as bullish as ever.
An analysis of their projections for individual stocks’ performance over the next 12 months has the S&P 500 index rising 19% from its level on Sept. 21, when the index closed at 4,330, according to an analysis from FactSet’s John Butters.
Achieving these projections would mean the S&P 500 has to break above 5,000 for the first time.