Wall Street Raises US Stock Targets Across the Board: AI Frenzy Unabated, Bull Market to Continue

On September 10th, with strong corporate earnings and renewed enthusiasm for artificial intelligence driving U.S. stocks to reach record highs, Wall Street analysts are hurriedly raising their expectations for the S&P 500 Index. Deutsche Bank strategist Binky Chadha has increased his year-end target for this U.S. benchmark index to 7,000 points, indicating an upside of more than 7% from the current level. Barclays analysts have also raised their forecast, while the Wells Fargo Securities team expects the S&P 500 to rise by another 11% by the end of next year. "The market indeed has some bubbles, but as long as artificial intelligence capital spending remains stable, the bull market should continue," said Wells Fargo's Ohsung Kwon. Earlier in April, after Trump announced large-scale global tariffs, they significantly reduced their forecasts; subsequently, when Trump softened his trade rhetoric, they became bullish again. Chadha has raised his target by nearly 7% this time, stating that the direct impact of tariffs on inflation is expected to be half reflected in the data. He also believes that investor positioning, better-than-expected economic growth, and a weakening dollar will all support the stock market. (FXStreet)