Wall Street Says Artificial Intelligence (AI) Stocks Could Send the S&P 500 Much Higher. Here's 1 Spectacular Index Fund to Buy Now
The artificial intelligence (AI) boom has begun, and Wall Street is very bullish. Bank of America and RBC Capital Markets recently raised their year-end price targets for the S 500 (SNPINDEX: ^GSPC), and Goldman Sachs called the index undervalued. All three financial institutions referenced AI when discussing their decisions.
But the most bullish call comes from Capital Economics. The consultancy recently increased its 2025 price target for the S 500 to 6,500. That implies 46% upside over the next 18 months. Growing demand for AI was the impetus behind that upgrade.
One logical way for investors to capitalize on that trend is to buy an S 500 index fund.
Source Fool.com
Royal Bank of Canada Stock
€96.91
-0.040%
We see a rather positive sentiment for Royal Bank of Canada with 7 Buy predictions and 2 Sell predictions.
With a target price of 114 € there is a slightly positive potential of 17.63% for Royal Bank of Canada compared to the current price of 96.91 €.
