Equity Outlook

Here’s where Wall Street expects the S&P 500 to finish in 2023

By Victor Lei
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How accurate were Wall Street’s year-end predictions for 2022?

Let’s see…

  • The average was 4,900.
  • The lowest was 4,400 (Morgan Stanley).
  • The highest was 5,300 (BMO).

The S&P 500 would have to rise another 22% by the end of the year to reach the average of the predictions.

While those forecasts had steadily fallen through the year, it shows one thing — the short-term is incredibly difficult to predict. Even the “pros” are bad at it.

Here are their predictions for 2023:

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If it hits their average, the S&P 500 will stay nearly unchanged.