Wells Fargo: Optimistic Outlook Until 2025
The U.S. banking giant Wells Fargo expects a significant price increase of about 20% for certain stocks and the overall market by 2025. Notably, the S&P 500 is projected to rise to around 7,070 points, marking a significant rally.
Recommended Stocks with High Potential
Microsoft: Wells Fargo has raised its price target for Microsoft from $565 to $585, representing an upside potential of about 19%. This optimism is based on strong growth in the area of Artificial Intelligence (AI), where Microsoft could achieve revenue of around $100 billion by 2029. The stock itself has already risen by about 16% this year.
Micron and Snowflake: In addition to Microsoft, Wells Fargo also recommends the stocks of Micron and Snowflake as promising investments amid the expected summer rally.
Acuity Brands: For Acuity Brands, the price target was recently raised to $320, reflecting a strong operational performance with high margins, although the stock is currently considered fairly valued.
These forecasts provide investors and savers with interesting insights into the growth potential of selected technology stocks and the broader market.
In summary, Wells Fargo predicts a “20% explosion” in selected stocks like Microsoft, Micron, and Snowflake, as well as generally in the S&P 500 index – a strong signal for potential attractive returns in 2025.