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Investing.com -- Societe Generale strategists have raised their end-2026 target for the S&P 500 to 7,300 points, up from their previous forecast of 6,900 points set in August.
The new target suggests an 8% upside potential from Tuesday’s closing level of 6,765.88.
"It’s too early to call the bull run over," wrote the team led by Manish Kabra in a note. They cited several positive factors supporting their bullish outlook, including the stimulus effects of the One Big Beautiful Bill Act, widening profit margins beyond the technology sector, and expanding corporate activity.
The strategists also highlighted that artificial intelligence-driven capital expenditure is accelerating, and while corporate borrowing has increased, overall leverage remains under control.
Expected interest rate cuts from the Federal Reserve were identified as another potential catalyst for market gains, according to the SocGen team.
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