Wells Fargo has raised its year-end 2026 target for the S&P 500 to 7,950, citing stronger corporate earnings expectations, reduced macroeconomic uncertainty following the interim U.S.-Iran agreement, and improved market sentiment after a recent pullback, Reuters reported.
The revised target implies an upside of about 5.2% from Monday's closing level of 7,554.29. The brokerage had previously projected the benchmark index to end 2026 at 7,300.
