RBC lifts S&P 500 year-end target to 7,900 on AI optimism
RBC raised its S&P 500 target to 7,900 citing AI strength and resilient earnings. The move implies a 7.7% upside despite persistent macro uncertainty.
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ROYAL BANK OF CANADA raised its year-end target for the S&P 500 to 7,900 from 7,750 on Friday. The new forecast implies a 7.7% upside from the benchmark index's close of 7,335.66 on Thursday afternoon. Resilient earnings growth and sustained artificial intelligence demand are driving valuations despite a challenging macroeconomic environment.
