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S&P 500 Hits Record High Amid Wall Street’s AI-Driven Price Target Revisions
S&P 500 Hits Record High Amid Wall Street’s AI-Driven Price Target Revisions
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The S&P 500 surged to a historic intraday peak of 6,555.97 as major financial institutions escalated their bullish forecasts. Barclays led the charge, revising its 2025 target to 6,450—marking its second upgrade in three months—while simultaneously lifting earnings estimates to $268 per share on the back of AI-driven profit growth.
Wells Fargo amplified the optimism, pushing its projection to 6,650 amid sustained AI infrastructure investments. "Market froth exists, but AI capex remains the bull market's lifeblood," noted strategist Ohsung Kwon. Deutsche Bank outstripped peers with a 7,000 target, though strategist Binky Chadha cautioned cyclical sectors must now shoulder momentum amid inflationary pressures.
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