UBS Predicts S&P 500 Rally to 7,500 by 2026 Amid Earnings Growth Focus
UBS forecasts the S&P 500 will climb to 7,500 by the end of 2026, driven by a projected 14.4% earnings growth. The rally is expected to broaden beyond large-cap tech stocks, with lower-quality cyclicals poised to benefit by mid-2026.
Near-term headwinds loom as tariffs impact consumer prices and global trade. UBS emphasizes that valuation multiples will play a negligible role, with earnings performance serving as the primary catalyst for the index's ascent.