Barclays (BCS) Drops Its S&P 500 Target to the Lowest Level on Wall Street
You can place Barclays Bank (BCS) firmly in the bear camp.
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The British lender has cut its year-end target on the benchmark S&P 500 index to the lowest level on Wall Street. Analyst Venu Krishna has lowered his 2025 S&P 500 target to 5,900 from 6,600, citing rising global trade tensions as a major risk to stock gains this year.
Barclay's revised target implies that the S&P 500 will finish the year only 0.3% higher than where it began in January. The bank's forecast is now the lowest outlook for the S&P 500 among increasingly bearish Wall Street firms, many of which have also ratcheted down their year-end targets.
More Tariffs
Barclays gloomy downgrade comes as the U.S. prepares to impose more tariffs on goods imported from key trading partners such as Canada, Mexico and China. The White House is expected to announce what U.S. President Donald Trump calls 'reciprocal tariffs' on other countries April 2. He is also expected to announce new tariffs on automotive imports as early as March 26.
Barclays points to a recent survey that shows consumers and investors are growing increasingly concerned over the U.S. economic outlook. 'Our base case assumes that earnings take a hit as tariffs contribute to material slowing in U.S. activity that nonetheless stops short of outright recession,' wrote Krishna.
The S&P 500 has been see-sawing between gains and losses over the last month, losing a total of 3% since the end of February. The index also dipped into correction territory, briefly trading more than 10% below its record high before recovering somewhat. BCS stock has risen 23% so far this year.
Is BCS Stock a Buy?
Not enough analysts rate the U.S.-listed shares of Barclays bank. So instead we'll look at the three-month performance of the company's stock. As one can see in the chart below, BCS stock has gained 23.37% over the last 12 weeks.
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