S&P 5,000? Here’s What Analysts and Investors Expect From the Stock Market in 2022

A Wall Street sign is seen in front of the New York Stock Exchange in New York on Dec. 21, 2006. Mario Tama/Getty Images

As 2021 winds to a close, investors and analysts are already shifting their focus to 2022. This year marked the third consecutive year of at least 16 percent returns for the S&P 500, leaving investors to wonder just how much more upside they can expect from the SPDR S&P 500 ETF Trust in 2022.

Landmark Target

LPL Financial Chief Market Strategist Ryan Detrick recently said he’s optimistic about the potential for the S&P 500 to hit the landmark 5,000 level in 2022.

“We believe the S&P 500 could be fairly valued at 5,000–5,100 at the end of 2022, based on an EPS estimate of $235 for 2023 and an index P/E between 21 and 21.5,” Detrick said in LPL’s 2022 outlook report.