JPMorgan Lifts S&P 500 Target to 7,800 as Earnings Strength and Iran Peace Hopes Build
Updated
Updated · Bloomberg · Jun 24
JPMorgan Lifts S&P 500 Target to 7,800 as Earnings Strength and Iran Peace Hopes Build
3 articles · Updated · Bloomberg · Jun 24
Summary
7,800 is JPMorgan’s new year-end target for the S&P 500, up from 7,600 and implying nearly 6% upside from Tuesday’s close.
Stronger-than-expected earnings growth and the prospect of a peace deal ending the Iran war drove the upgrade, with the bank saying a “blue sky” scenario is coming into view.
JPMorgan’s call ties the equity outlook to both corporate fundamentals and easing geopolitical risk, suggesting further gains if profits hold up and a deal materializes.