Oppenheimer Analyst Sets Bold S&P 500 Target at 7,100

Oppenheimer Asset Management's Chief Investment Strategist, John Stoltzfus, predicts the S&P 500 will reach 7,100 by the end of next year, driven by a strong economy and advancements in artificial intelligence. This forecast is the most bullish among peers, suggesting a 17% upside from the current level. Stoltzfus believes the rally will continue across various sectors, supported by economic growth, interest rate cuts, and improved earnings. His outlook aligns with a few other optimistic strategists, contrasting with more conservative forecasts from firms like Morgan Stanley and Goldman Sachs.