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J.P. Morgan lifts US stock forecast
J.P. Morgan has raised its forecast for the S&P 500 index by the end of 2026 to 8,000 points from 7,800 points, driven by sustained strength in American corporate profits and growing confidence that large investments in artificial intelligence will lead to faster revenue growth, especially for major technology companies. The bank also anticipates that the average earnings per share in 2026 will be around $365, with forecasts for 2027 rising to $420. Despite factors such as high interest rates and geopolitical risks keeping the price-to-earnings ratio around 20 times, the strong corporate profits and AI investments support continued upward movement in the U.S. markets through the end of next year.
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