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

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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Evercore ISI names stocks that could win under either Trump or Harris winA rise in volatility similar to the run-up of the 2016 and 2020 presidential elections remains base case, the firm said.
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Here are Evercore ISI's top chip stock picks into earningsMore than 90 S&P 500 companies have reported results, with 76% of those exceeding estimates, FactSet data shows.
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S&P 500: What a Trump Win Looks Like for the Market Now and Into 2025Stocks Analysis by MarketBeat.com (Thomas Hughes) covering: S&P 500. Read MarketBeat.com (Thomas Hughes)'s latest article on Investing.com
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