S&P 500’S 8,000 MILESTONE REMAINS ELUSIVE The S&P 500 is still 5.4% away from 8,000, as rising bond yields, sticky inflation and a hawkish Fed outlook stall the rally. CFRA still targets 8,050 by year-end, but warns a 5%-10% correction would not be unusual. Despite the macro risks, Wall Street remains relatively calm, with the VIX below 20 and corporate earnings providing support.

CFRA RAISES S&P 500 TARGET TO 8,050 CFRA lifted its 2026 S&P 500 year-end target to 8,050 from 7,400, implying about 4% upside from current levels. The firm also sees the index reaching 8,650 in 2027, citing strong earnings, resilient consumers, easing oil prices, AI investment, and favorable midterm election seasonality. CFRA joins a growing list of Wall Street firms turning more bullish on U.S. equities.