UBS Global Wealth Management raised its year-end S&P 500 target to 8,100 from 7,900, and its mid-2027 target to 8,400 from 8,200. The bank also lifted its 2026 EPS forecast to $350 from $335, and its 2027 estimate to $400 from $375, representing increases of roughly 4.5% and 6.7% respectively. This revision is driven by earnings growth rather than valuation expansion, as the new target implies a forward P/E of 20.3x, down from 21.1x previously. About 80% of S&P 500 companies exceeded analyst expectations last quarter, above the historical average of 73%.
Source: Read the original article
