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LivestreamMenuCFRA just got more bullish on the stock market, joining other firms raising their targets in recent weeks. The Wall Street firm hiked its S & P 500 year-end target to 8,050, up from 7,400 originally, meaning the broader index can rise roughly 4% from Wednesday’s close. For the full year, that would mean the broader index climbs 17.6%. .SPX YTD mountain S & P 500 in 2026 CFRA also expects the S & P 500 can surge to 8,650 next year, suggesting almost 12% upside from Wednesday’s close. The firm’s new target for 2026 is among the most bullish on the Street. RBC Capital Markets in June said sees the broad-market index rising to 8,150 over a 12-month period, while UBS raised its year-end target just last month to 8,100 from 7,500. The revision reflects a bevy of fundamental, technical and historical factors bolstering the market, according to CFRA. The firm sees an average 16.9% upside to their 12-month price targets across S & P 500 constituents that can support valuations. Historically, stocks rally from October onwards in midterm election years, a pattern that bodes well for the market. Oil prices have been easing recently as geopolitical headwinds recede, curbing the likelihood of higher inflation. A solid consumer continues to hold the market aloft. A strong artificial intelligence infrastructure buildout can also continue to carry the market forward, the firm said. “Taken together, these factors underpin our conviction that the nearly four-year-old bull market has further room to run,” read a note from the firm.Read More
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