economy
JPMorgan is the latest to raise its S&P 500 target, this time to 8,000. Here's why
The Wall Street bank said the latest earnings season suggests that the massive investments in artificial intelligence is justified.
TL;DR
- JPMorgan Global Head of Market Strategy Dubravko Lakos-Bujas raised the year-end S&P 500 target to 8,000 from 7,800.
- 78% of S&P 500 companies that have reported earnings have beaten analyst expectations, with an average beat of 31%.
- Investor concern over AI investment returns should ease as companies like Alphabet, Amazon, and Microsoft report AI profits.
- JPMorgan revised its 2026 S&P 500 earnings estimate to $365 and 2027 estimate to $420.
- Other firms like CFRA and UBS have also recently increased their S&P 500 year-end targets.