Wall Street analysts raise S&P's 500 year-end target to 7,000 points, bull market is expected to continue

According to ChainCatcher, according to Kingsen, Wall Street analysts have raised their year-end targets for the S&P 500 index, and Deutsche Bank strategist Binki Chada raised its target to 7,000 points, meaning there is more than 7% room for upward from the current level. Barclays and Wells Fargo Securities teams also raised their forecasts, with Wells Fargo expecting another 11% rise by the end of next year. Wells Fargo's Ohsung Kwon said that as long as AI capital expenditure remains unchanged, the bull market should continue.