RBC Lifts S&P 500 Target to 8,150 as Wall Street Upgrades Peak

The S&P 500 trades near 7,473 after a wave of bullish 2026 forecasts culminated this week. Deutsche Bank opened with an 8,000 target on June 4, followed by Citi’s 8,100 and Wells Fargo’s 7,950 calls. JPMorgan joined on June 24, lifting its target to 7,800 while flagging AI flash-crash risk and raising 2026 EPS to $350. Barclays reset its target at 7,800 on June 25 with a warning of choppy conditions, placing its forecast near the Street median. BofA remains the sole outlier after cutting its target to 7,100. RBC Capital Markets closed the period on June 29 by raising its 12-month target to 8,150, implying 11% upside.