Wall Street firms raise stock target

• JPMorgan and Evercore have raised S&P 500 targets to 8,000 and 9,000, respectively, citing earnings strength and a broader bull trend.
• Earnings season has delivered strong double-digit growth, with increased retail engagement and capital flowing into sectors like energy, financials, healthcare, and industrials.
• The market's positive momentum is supported by robust corporate CapEx and a resilient consumer, with analysts suggesting the Fed may not derail this trend, especially if real-time inflation data indicates moderation.

Wall Street firms are increasingly bullish on the stock market, raising S&P 500 targets to 8,000 and even 9,000, driven by phenomenal earnings growth, broader market participation beyond mega-caps, strong corporate CapEx, and a resilient consumer. Analysts believe positioning is cleaner, and interest rates, even with potential hikes, remain relatively low, supporting a continued bull trend.