RBC lifts year-end S&P 500 forecast as AI sectors fuel rally

RBC revamps S&P 500 target for the rest of 2026

Wall Street’s bull case on stocks just got another major vote of confidence. RBC Capital Markets bumped its 12-month target for the S&P 500 to 7,900 from 7,750, as stocks continue to notch fresh highs, according to TheFly. The firm…

RBC lifts year-end S&P 500 forecast as AI sectors fuel rally

RBC Capital Markets raised its year-end target for the S&P 500 on Friday, citing resilient earnings growth and continued strength in artificial intelligence-linked sectors.The Canadian brokerage increased its target for the benchmark index to 7,900 from 7,750. The revised forecast implies a 7.7% upside from Thursday’s closing level of 7,335.66.The move comes as US equities continue to rally to record highs, supported by investor enthusiasm surro…