Swiss bank UBS raises S&P 500 end-year price target to 5,500 due to strong profit growth, disinflation, potential Fed rate cuts, and AI investment surge.
Swiss bank UBS raised its S&P 500 end-year price target to 5,500, citing strong profit growth, disinflation, potential Fed rate cuts, and AI investment surge as key factors. The bank also increased its EPS estimates for 2022 and 2023 by $5 each. UBS forecasts S&P 500 at 5,600 by June 2025 and has an upside scenario of 5,700, with a downside at 4,400.
May 23, 2024
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