UBS raises S&P 500 year-end target, eyes more gains in 2026

UBS Global Wealth Management on Thursday raised its year-end target for the S&P 500 to 6,000 from 5,800 and initiated a June 2026 target of 6,400.

The research group also raised its 2025 expectation for S&P 500 earnings per share to US$260 from US$250 and forecast 2026 EPS of US$280, up from its previous estimate of US$275.

David Lefkowitz, head of US equities, cited a better than expected first quarter earnings season and slightly higher expectations for GDP growth in the second half of the year for the changes. REUTERS