Wall Street has raised its target for US stocks: The AI boom remains strong, and the bull market will continue.
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最新报道：As strong corporate earnings and renewed enthusiasm for artificial intelligence (AI) propel US stocks to record highs, Wall Street analysts are scrambling to raise their S&P 500 forecasts. Deutsche Bank strategist Binky Chadha raised his year-end target for the US benchmark index to 7,000, implying over 7% upside from current levels. Analysts at Barclays also raised their forecasts, while Wells Fargo Securities' team expects the S&P 500 to rise another 11% by the end of next year. "The market is certainly a bit frothy, but as long as AI capital spending remains constant, the bull run should continue," said Ohsung Kwon of Wells Fargo. They had significantly lowered their forecasts in April after Trump announced massive global tariffs, but then shifted back to a bullish outlook as Trump toned down his trade rhetoric. Chadha, who raised his target by nearly 7%, said he estimated half of the direct impact of tariffs on inflation was already reflected in the data. He also believes that investor positioning, better-than-expected economic growth, and a weaker dollar will all provide support for the stock market.
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