Wall Street has raised its target for US stocks: The AI boom remains strong, and the bull market will continue.
with strong corporate profits and renewed enthusiasm for artificial intelligence driving US stocks to record highs, Wall Street analysts are rushing to raise their expectations for the S&P 500 index. Deutsche Bank strategist Binji Chada has raised his year-end target for this US benchmark index to 7,000 points, implying a further 7% upside from current levels. Barclays analysts have also raised their forecasts, while the Wells Fargo Securities team expects the S&P 500 to rise another 11% by the end of next year. "The market does have some bubbles, but as long as artificial intelligence capital spending remains stable, the bull market should continue," said Ohsung Kwon of Wells Fargo. In April of this year, following President Trump's announcement of large-scale global tariffs, they significantly lowered their forecasts; however, as Trump eased his trade rhetoric, they turned bullish again. Chada has raised his target by nearly 7% this time, stating that the direct impact of tariffs on inflation is already reflected in the data. He also believes that investor positioning, better-than-expected economic growth, and a weaker dollar will all support the stock market.
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