JPMorgan raised its year-end S&P 500 price target to 7,800, driven by upward earnings revisions and an AI super cycle. The bank expects the Federal Reserve to hold rates this year and not hike until 2027, describing a Goldilocks growth scenario. However, JPMorgan warned that narrow market leadership and higher-for-longer rates create a high probability of a flash crash or modest correction, though strong fundamentals would make any such pullback a buying opportunity.
JPMorgan Chase & CoJPMorgan raised its S&P 500 year-end target, reflecting positive outlook on earnings and AI super cycle, which is a bullish analyst call for the bank's own stock.