"Despite AI bubble and valuation concerns, we see current elevated multiples correctly anticipating above-trend earnings growth, an AI capex boom, rising shareholder payouts, and easier fiscal and monetary policies." - JPM

📈SocGen: “We see the S&P 500 climbing to 7,300 in 1H (22× 2027 EPS of $333) and finishing the year also at 7,300  – still solid 11% upside from here. 2025 ultimately a ‘Buy America’ year, with flows into US stocks and bonds beating other regions.”

📈JPM: “We are constructive on the S&P 500’s outlook both in terms of price target (7,500 by YE26) and above-trend earnings growth of 13-15% for at least the next two years (2026 and 2027 EPS of $315 and $355 vs. consensus of $309 and $352, respectively).”

📈JPM: “We are constructive on the S&P 500’s outlook both in terms of price target (7,500 by YE26) and above-trend earnings growth of 13-15% for at least the next two years (2026 and 2027 EPS of $315 and $355 vs. consensus of $309 and $352, respectively).”

📈Barclays: "Our 2026 S&P 500 price target goes to 7400 from 7000, and we revise our FY26 EPS estimate to $305 from $295."

📈Deutsche Bank: "Setting a year-end 2026 target for the S&P 500 of 8000."

📈HSBC: “We introduce our end-2026 S&P 500 target of 7,500; implying another year of double-digit gains overall. Our 12% EPS growth forecast is supported by macro stability, some easing of policy uncertainty, and an AI investment boom. For 2026, we see a two-speed economy…”

📈Wells Fargo: “We target 7800 by YE26 on the S&P 500 (22x fwd. P/E). ... Profits: +14% YoY for 2026E EPS and +13% for 2027E…”