- John Stolzfus of Oppenheimer has the most bullish S&P 500 forecast for 2018, with a year-end price target of 3,000.
- He sees many of the positive drivers from 2017 continuing, such as slow-and-steady economic expansion, strong earnings growth and continued monetary accommodation.
With nearly every market expert bullish on stocks heading into 2018, it's tough to stand out. But John Stoltzfus has managed to do it.
The chief investment strategist at Oppenheimer just unveiled his year-end S&P 500 target of 3,000, which makes him the biggest bull on Wall Street.
That's a roughly 13% increase from current levels, which Stoltzfus says will result from a combination of factors that are all aligning at the right time. They include:
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- Federal Reserve
"Skeptic and bear capitulation appears to have just begun in the fourth quarter of 2017 and contributed to the number of this year’s equity benchmark record highs," said Stoltzfus. "We believe that it is early in this process and multiples could expand further than we currently anticipate should the capitulation gain momentum."
Here's a round-up of the other 2018 year-end S&P 500 targets on Wall Street, ordered from most to least bullish:
- Bank of Montreal
- UBS
- Credit Suisse
- Jefferies
- Deutsche Bank
- Goldman Sachs
- Bank of America
- Canaccord
- Morgan Stanley
- Scotiabank
- Stifel Nicolaus
- Citigroup
- HSBC
- Goldman Sachs