"With a good deal of momentum, the S&P 500 could easily test 7,000 before the end of 2025. All thanks to momentum, the potential for more interest rate cuts, and a possible Santa Claus rally. Other analysts, including Tom Lee of Fundstrat Global Advisors, say we could reach 7,300. In fact, he just told CNBC, "7,000 is only 2% for S&P. From here, I think 5% or maybe even 10% is possible in December," as quoted by Seeking Alpha."
"Even better, analysts at Jefferies, which has a buy rating and a $120 price target on MRVL, said: "The confidence in the custom business continues to rise, pointing to 20% growth next year with a stronger 2H with PO for the year in hand," they added, as quoted by Seeking Alpha, adding that Microsoft's Maia 300 chips are likely to be a "key driver" for Marvell's revenue doubling in fiscal 2028."
"Bank of America analysts just reiterated a buy rating on Amazon ( NASDAQ: AMZN), with a price target of $303 from $272 a share. The firm noted, "We attended Amazon's 14th annual cloud conference in Las Vegas with 60k in-person attendees. While the keynote lacked a big new hardware or LLM partnership announcement to materially change sentiment, AWS is improving its AI capabilities and building toward an agent-driven future," as also quoted by Seeking Alpha."
Strong momentum, the potential for more interest-rate cuts, and a possible Santa Claus rally could push the S&P 500 to 7,000–7,300 by the end of 2025. Analyst upgrades and raised price targets are supporting higher market levels. Deutsche Bank raised Marvell’s price target to $125 after EPS of $0.76 and revenue of $2.08 billion, and Jefferies highlighted rising confidence in Marvell’s custom business and Microsoft’s Maia 300 chips as a key driver for revenue doubling by fiscal 2028. Bank of America and Wells Fargo reiterated buy or overweight views on Amazon, citing AWS AI improvements and capacity expansion plans.
Read at 24/7 Wall St.
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