RBC Raises S&P 500 Target for 2026 Amid Strong Earnings and AI Rally
RBC Capital Markets has raised its 12-month target for the S&P 500 to 7,900 from 7,750, citing strong corporate earnings and continued momentum from the AI-driven market rally. The firm, along with other Wall Street firms like Morgan Stanley and Goldman Sachs, believes earnings strength is the primary driver of the current rally, despite macroeconomic challenges.
Topics: AI earnings market rally RBC S&P 500 Wall Street