Barclays raised its target for the S & P 500 index to 7,400 by the end of 2026, from a previous forecast of 7,000.
Barclays CEO: There is capital in artificial intelligence because people see the returns from it, and while there will be misallocation of resources, it happens every cycle.
Alexander Altman, head of strategy at Barclays, expects the S & P 500 to reach 7,250 by the end of the year.
According to market news, Barclays, Revolut, Coinbase, Binance and other companies held a meeting in London. Goldman Sachs, HSBC and Bank of America also participated in the event.
Barclays' chief M & A expert said the race in artificial intelligence was driving up the chances of deals above $100 billion by this time next year. "In the broader artificial intelligence space, there will be unimaginable deals," Andrew Woeber, the bank's global head of M & A, said in an interview. "It shouldn't surprise us to see deals above $100 billion in the next year. Big bets will be made by the big platforms." Technology companies including Mr. Musk's xAI and Meta Platforms Inc.,...
Bob Diamond, former CEO of Barclays and current chairperson of Hyperliquid, has warned that big banks must embrace blockchain technology or risk "falling behind".
Goldman Sachs believes weak job growth and downward revisions will prompt the Federal Reserve to resume interest rate cuts, possibly even by 50 basis points. Barclays believes Powell will not change his wait-and-see stance and expects the Fed to cut rates only once this year in December. Click to view
Barclays adjusted its price target for Coinbase Global from $359 to $352, maintaining a balanced rating.
Barclays raised its price target on Coinbase to $359 from $202, maintaining its "neutral" rating.
Although OPEC + intends to continue to increase production, Barclays believes that there is still room for oil prices to rise. What really matters is not production, but... Click to view...