RBC projects higher 2024 S&P 500 target

RBC raises 2024 S&P 500 target despite the pullback to start the year

RBC Capital Markets, a leading global investment bank, has raised its 2024 target for the S&P 500 index, despite the recent pullback in the market to start the year. The bank’s chief U.S. equity strategist, Mark Mahaney, remains optimistic about the long-term prospects of the stock market. He believes that the current pullback is just a temporary setback and that the market will continue its upward trajectory.