It’s been a great two years in the stock market, with the S&P 500 following last year’s 24% gain with, so far, another 23% appreciation. Perhaps better late than never, Morgan Stanley has jumped on board the U.

Morgan Stanley (MS) is optimistic about the S&P 500 index in 2025, raising its base case projection to 6,500. This represents growth of nearly 11% from current levels, reflecting the positivity about the market’s trajectory.

Morgan Stanley’s base case for the S&P 500 (SP500) by the end of 2025 rises to 6,500. Michael Wilson, chief U.S. equity strategist and CIO for Morgan Stanley, sees the S&P 500 (SP500) rising 11% by the 2025 year-end,