JPMorgan and CFRA Raise S&P 500 Price Forecast as Nobody Wants to Hedge Anymore

JPMorgan raised its year-end S&P 500 target to 8,000 on Monday, and research firm CFRA now sees 8,050. A new stock market risk is forming beneath the cheer, as investors abandon their downside hedges.

Wall Street keeps raising the bar. Almost nobody is paying for protection in case it misses.

JPMorgan and CFRA Raise S&P 500 Targets on AI Earnings

JPMorgan has now raised its call twice in two months. The bank went from 7,600 to 7,800 in June, then to 8,000 this week. The new target sits about 3% above Friday's close of 7,757.64.

Strategist Dubravko Lakos-Bujas and his team now expect $365 in 2026 earnings per share (EPS). That is 35% growth in a single year. Notably, they left the valuation multiple flat at 20 times earnings. Profits, not a richer price tag, carry the entire upgrade.

… Continue reading the full article at the original source below.