JPMorgan Lifts S&P 500 Target as AI Rally Regains Momentum
JPMorgan strategists have raised their year-end target for the S&P 500 to 7,600 points, citing a renewed surge in enthusiasm for artificial intelligence. The US benchmark is expected to gain about 7% from its current level.
JPMorgan Chase & Co strategists have raised their year-end target for the S&P 500 to 7,600 points. The team, led by Dubravko Lakos-Bujas, cites a renewed surge in enthusiasm for artificial intelligence as a key driver. The S&P 500 closed at 7,109 points, implying further gains of about 7%. The new target is an upgrade from the previous target of 7,200 points made last month. The strategists expect US stocks to reach higher-than-expected levels this year.
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