Oppenheimer Expects S&P 500 to Reach 7100 Points by the End of 2025

According to Oppenheimer Asset Management, the S&P 500 will continue its record-breaking rise, supported by a strong economy, extending up to 7,100 by the end of next year. The firm's Chief Investment Strategist, John Stoltzfus, stated, "The fundamental elements indicate that the current resilience of the economy and the stock market seems ready to persist into next year. The rally's spread across various sectors, market capitalizations, and styles suggests that the current bull market likely has the strong legs necessary to climb the famous 'wall of worry' until 2025." Oppenheimer's new target represents an approximate 17% increase from the last close. The S&P 500 has gained about 28% so far this year, marking its best performance since 2019.