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Evercore ISI says Trump to drive S&P 500 to 6,600 by mid-2025, gives top stocks to play new policies

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Stock Markets,Wells Fargo & Co,Goldman Sachs Group Inc

'Expensive has a history of getting more expensive and lasting longer with greater gains,' strategist Julian Emanuel said.

Evercore ISI sees President-elect Donald Trump's White House win as a reason for stocks to move higher. The firm said it sees the S & P 500 soaring to 6,600 by the end of June 2025. That implies upside of 11.3% from Wednesday's record close. It's also well above Evercore's year-end 2024 target of 6,000 . Already, Trump's win has spurred a huge stock market rally, with the S & P 500 soaring 2.5% on Wednesday to notch its best postelection day in history.

Trump's win "could bring more favorable regulatory environment — and WFC is one of the most regulatory-impacted names given outstanding asset cap," the firm said. Evercore has a $575 price target on Goldman, suggesting shares are overvalued and could decline 3.5 % from Wednesday's close, however. They have a $77 target on Wells Fargo, implying 6.3% potential gain for the bank. The analysts also named both firms beneficiaries of a red sweep.

 

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