HSBC Raises S&P 500 Price Target for End of 2026
On May 11, HSBC increased its year-end 2026 price target for the S&P 500 to 7,650 from 7,500 due to stronger-than-expected first-quarter earnings and a projected 20% EPS growth. The firm highlighted continued strength in tech stocks, particularly the Magnificent Seven.
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Topics: AI Impact on Tech Earnings Growth HSBC S&P 500 Wall Street Forecasters