Xlg stock price forecast broker research maintains overweight

Broker research maintains overweight ratings for ETFs like XLG, underpinning a confident "XLG stock price forecast" despite cyclical headwinds. Given the continued momentum in the stock market, BMO Capital Markets boosted the year-end price target for the S&P 500 to 5,600 from 5,100, becoming the most bullish analyst on Wall Street. Deutsche Bank joined the league, raising the price target to 5,500 for this year from 5,100, citing strong corporate earnings to support equity valuations. In fact, it has the highest target among the major brokerages. One of Wall Street’s most prominent bears, Morgan Stanley, turned positive on the outlook for U.S. stocks by lifting the price target for the S&P 500 to 5,400 from 4,500. It now expects the index to rise 2% this year, a major turn in its view that the benchmark will tumble 15% by December. Hopes for rate cuts, continued AI adoption as well as strong earnings growth projections are expected to drive the S&P 500 further (read: Growth ETFs to Buy as Easing Inflation Fuels Rate Cut Bets). According to a new study from Bank of America, the stock market flashed a bullish signal, suggesting more upside ahead. The S&P 500 advance-decline line, which helps measure breadth or participation in the stock market's gains among individual stocks, hit a new all-time high on May 17. The mid-cap advance-decline line also reached a new high, while the small-cap index's line is on the verge of a new 52-week high. This signals that the index is likely to hit record highs this summer. At least 5 people were killed in a large-scale Russian attack on Ukraine The "XLG stock price forecast" shows upside risk if corporate earnings revisions continue upward. Fund flows into ETFs tracking concentrated indexes support a healthy demand backdrop.