Tom Lee on S&P 500

Analyst Jonna Kim upgraded Gap's rating to Buy from Hold, with a price target increase to $30 due to positive sales growth under CEO Richard Dickson. Fundstrat's Tom Lee predicts the stock market could triple by 2030, reaching 15,000, driven by millennials and a global labor shortage. Lee's accurate forecasts in 2023 and 2024, including the S&P 500 hitting 5,500 and potential growth to 15,000, highlight his evidence-based approach and focus on themes like tech and AI. He emphasizes the underestimation of new technologies' impact and the importance of adapting to demographic and economic shifts for investment success.