Analyst sets date when S&P 500 will hit 7,150

Core Insights - Analysts suggest that the S&P 500 may face a correction, but technical indicators indicate potential for the index to rise above the 7,000 level [1] - The index recently found support near 6,730, indicating renewed bullish momentum and confirming a potential continuation of its six-month ascending channel [2] - Historical patterns show that rebounds from the one-day moving average have led to significant upward movements, projecting a target of 7,150 [3] - As long as the index remains above the one-day moving average and within its rising channel, a steady climb is expected through November into early December [4] Wall Street Projections - Deutsche Bank has revised its year-end 2025 target for the S&P 500 to 7,000, up from 6,550, while Barclays has increased its outlook to 6,450 [5] - Citigroup raised its target to 6,600, citing fiscal tailwinds, while Goldman Sachs and Morgan Stanley project 6,500 by late 2025 [5] - Bank of America anticipates the index could reach approximately 7,200 over the next 12 months [5]