Wells Fargo issues Wall Street’s most bullish forecast yet for the stock market in 2025

Wall Street 2025 stock forecasts have a new high-water mark.

Wells Fargo equity strategist Christopher Harvey and his team issued a 2025 year-end target of 7,007 on Tuesday, the highest target among Wall Street strategists tracked by Yahoo Finance and a forecast that suggests the S&P 500 (^GSPC) could rise more than 26% next year.

The target is just seven points higher than those of Deutsche Bank and Yardeni Research, which have called for the S&P 500 to finish 2025 at 7,000.

“On balance, we expect the Trump Administration to usher in a macro environment that is increasingly favorable for stocks at a time when the Fed will be slowly reducing rates,” Harvey wrote in his 2025 equity outlook.