The stock market is facing three challenges that could make a sharp decline more likely in 2025, according to Goldman Sachs.

More than that, analysts from Deutsche Bank decided to reiterate their buy ratings on Boeing stock as of January 2025, this time placing a $215 price target on the company. To prove this new valuation right, investors face a net upside of as much as 26% from where the stock trades today.

A pickup in economic policy uncertainty is contributing to an increase to almost 30% in the risk of a drawdown in U.S. stocks, according to Goldman Sachs. The risk is below previous peaks, but well above its unconditional level reached in September,

Goldman Sachs issued a bleak warning on Thursday, cautioning that the stock market’s strong rally might not endure. Strategist Peter Oppenheimer noted in a client memo that equities are currently “priced for perfection,