REUTERS/Gonzalo Fuentes
And even Goldman Sachs, which is a little more pessimistic than some other investment banks, is betting on a significant climb for European equities.
They're expecting the Eurostoxx 600 to hit 440 in 2018, according to their 2015 European outlook, out Thursday. That's about a 30% boost from where it's currently sitting, and would push the index to record levels.
By the end of next year, it should be up to 365.
Here's a snapshot of what they're forecasting:
GS also named their top stocks: 32 firms with an expected double and triple-digit returns. Here they are, along with the returns Goldman expects if they reach their target prices.
Stock - Return to target
Innate Pharma - 164%
Unipol Gruppo Finanziari - 76%
Crest Nicholson Holdings - 75%
Arm Holdings - 59%
Bt Group - 57%
Credit Suisse Group - 48%
Sap - 47%
Intesa Sanpaolo - 46%
E On - 44%
Easyjet - 42%
Salvatore Ferragamo - 41%
Iliad - 41%
Grifols - 40%
Bbv.Argentaria - 39%
Burberry Group - 37%
Erste Group Bank - 35%
Taylor Wimpey - 34%
Eni - 33%
Safran - 31%
Daimler - 31%
Siemens - 30%
L'Oreal - 29%
Shire - 26%
Mtu Aero Engines - 24%
Bayer - 24%
Sabmiller - 23%
Anheuser-Busch Inbev - 23%
Roche Holding - 17%
Wpp - 17%
Tryg - 16%
Zurich Insurance Group -14%
St.James's Place - 11%