Wall Street analysts raise the S&P 500 year-end target to 7,000 points, and the bull market is expected to continue

ChainCatcher news, according to Jin10, Wall Street analysts are raising their year-end targets for the S&P 500 index. Deutsche Bank strategist Binky Chadha has raised his target to 7,000 points, indicating more than a 7% upside from current levels. Barclays and Wells Fargo Securities teams have also upgraded their forecasts, with Wells Fargo expecting the S&P 500 to rise another 11% by the end of next year. Wells Fargo's Ohsung Kwon stated that as long as artificial intelligence capital expenditures remain unchanged, the bull market should continue.