Express
Wall Street Raises Target for US Stocks: AI Trend Continues, Bull Market to Persist
Summary: According to sources, driven by strong corporate earnings and renewed enthusiasm for artificial intelligence, US stocks have hit record highs, prompting Wall Street analysts 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, indicating over 7% upside ...
According to sources, driven by strong corporate earnings and renewed enthusiasm for artificial intelligence, US stocks have hit record highs, prompting Wall Street analysts 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, indicating over 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. Although there are some bubbles in the market, as long as capital spending on artificial intelligence remains stable, the bull market should continue. Ohsung Kwon of Wells Fargo Bank said that after Trump announced large-scale global tariffs in April, they significantly lowered their forecasts; however, with Trump's softened trade rhetoric, they have turned bullish again. Chada's recent upward adjustment of the target by nearly 7% indicates that half of 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 support the stock market.
Tags:
Link: Wall Street Raises Target for US Stocks: AI Trend Continues, Bull Market to Persist [Copy]
