Morgan Stanley has increased its 12-month base case price target on the S&P 500 to 6,500, the firm's equity strategist Michael Wilson and other strategists wrote in a note on Monday.

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,

The S&P 500 has gained over 24% so far this year but analysts expect the index to record significant upsides from current levels by next year. Morgan Stanley Strategist Michael Wilson reportedly expects the S&P 500 hitting 6,