Fundstrat lifted its year-end target to 8,000 as several major banks clustered near that level, while JPMorgan raised its forecast to 7,800 and flagged risks in crowded AI-linked trades.
Wall Street firms are increasingly converging on year-end S&P 500 targets near 8,000, with Fundstrat Global Advisors raising its forecast from 7,700 to 8,000 and joining Goldman Sachs, Morgan Stanley, Deutsche Bank and Societe Generale around that level. JPMorgan also lifted its target, to 7,800, but cautioned that crowded positioning in momentum, semiconductor, memory and lower-quality AI names could leave parts of the market vulnerable to sharp declines. The mix of higher index targets and targeted warnings highlights a market view that remains broadly constructive on U.S. equities while becoming more selective about where risks are building.