CFRA raised its year-end S&P 500 target to 8,050 from 7,400, representing roughly 4% upside from Wednesday’s close. For the full year, this would translate to a 17.6% gain. The firm also expects the S&P 500 to reach 8,650 next year, offering nearly 12% additional upside. This target ranks among the most bullish on Wall Street, surpassing RBC Capital Markets’ forecast of 8,150 and UBS’ projection of 8,100. CFRA cited fundamental, technical and historical factors including the typical midterm election year rally from October onwards, easing oil prices and strong AI infrastructure buildout.
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