Citigroup hikes S&P 500 target to 8100
Rafea City Ghub has raised its forecast for the S&P 500 index by the end of 2026 from 7,700 to 8,100 points, supported by the market's continued rise of about 8% since the beginning of the year, driven by corporate profits and investments in artificial intelligence technologies. It is also estimated that earnings per share will reach $350 in 2026, with the potential to hit $400 by 2027. The firm reaffirmed its confidence in companies’ ability to surpass expectations thanks to strong demand for artificial intelligence. However, it warned that sustainable growth beyond 2027 may be unconventional and reliant on significant capital expenditure, which the market temporarily adopts.
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