2026

• 点位: 6878 -> ?
• PE: 29.1 -> ?

投行	预测点位
Oppenheimer	8,100
Deutsche Bank	8,000
Morgan Stanley	7,800
Wells Fargo	7,800
Citi	7,700
Goldman Sachs	7,600
KKR	7,600
JPMorgan	7,500
HSBC	7,500
UBS	7,500
Barclays	7,400
Societe Generale	7,300
Bank of America	7,100

2025

• 点位: 5903 -> 6845
• PE: 28.9 -> 29.1

投行	预测点位
Oppenheimer	7,100
Wells Fargo	7,007
Deutsche Bank	7,000
Yardeni Research	7,000
DataTrek Research	6,840
Societe Generale	6,750
BMO	6,700
Bank of America	6,666
Fundstrat	6,600
Barclays	6,600
RBC	6,600
Ned Davis Research	6,600
CFRA	6,585
Morgan Stanley	6,500
Goldman Sachs	6,500
JPMorgan	6,500
Citi	6,500
UBS	6,400
Stifel*	5,500
BCA Research	4,450

2024

• 点位: 4745 -> 5881
• PE: 24.8 -> 28.9

投行	预测点位
Yardeni Research	5,400
Fundstrat	5,200
Oppenheimer	5,200
Goldman Sachs	5,100
Deutsche Bank	5,100
BMO	5,100
Bank of America	5,000
RBC	5,000
Federated Hermes	5,000
NDR	4,900
Stifel	4,650
Morgan Stanley	4,500
JPMorgan	4,200
BCA Research	3,300

2023

• 点位: 3853 -> 4769
• PE: 20.1 -> 24.8

投行	预测点位
CFRA Research	4,575
Deutsche Bank	4,500
Wells Fargo	4,300–4,500
Oppenheimer	4,400
BMO	4,300
Nuveen	4,300
JPMorgan	4,200
Jefferies	4,200
RBC	4,100
Credit Suisse	4,050
BofA	4,000
Goldman Sachs	4,000
HSBC	4,000
BlackRock	3,930
Morgan Stanley	3,900
UBS	3,900
Citi	3,900
Societe Generale	3,800
Capital Economics	3,800
Barclays	3,675

2022

• 点位: 4778 -> 3839
• PE: 26.4 -> 20.1

投行	预测点位
BMO Capital Markets	5,300
Wells Fargo	5,100-5,300
Goldman Sachs	5,100
JPMorgan	5,050
RBC Capital Markets	5,050
UBS	4,850
Bank of America	4,600
Morgan Stanley	4,400