Barclays and Stifel have raised their year-end targets for the S&P 500 index to 7,800, reflecting growing confidence in corporate earnings and the resilience of U.S. equities, according to a report by Reuters.
The revised target implies an upside of about 4.4% from the S&P 500's last close. The benchmark index has gained 9.2% so far this year, supported by optimism surrounding artificial intelligence (AI) and improved investor sentiment following the U.S.-Iran peace agreement.
