Jefferies Raises S&P 500 Target Amid Strong Earnings and Easing Economic Concerns

Jefferies has announced a significant increase in its year-end target for the S&P 500 index, now predicting it to reach 6,600. The decision comes on the back of strong second-quarter corporate earnings and a general easing of economic concerns in the United States.

Other major brokerages, including UBS, Citigroup, and HSBC, have similarly revised their index targets upward as market sentiment improves. The rise is led by AI-related companies and robust financial sector performance, signaling a resilient economic backdrop.

Despite lingering tariff concerns, Jefferies expects continued strong earnings, estimating a nearly 10% increase in S&P 500 earnings per share this year. Additionally, Jefferies forecasts three more interest rate cuts by the Federal Reserve, which could further bolster market conditions.