JP Morgan on the 10th raised its S&P 500 end-2026 target to 8,000 from 7,800, citing robust corporate earnings outlook and faster revenue growth as large tech firms ramp AI investment. The new target is about 3% above last Friday's close. At least seven brokerages now forecast the S&P 500 at 8,000 by end-2026. JP Morgan analysts say cloud backlog converting into revenue should sustain strong growth, validate AI capex and ease investor concern over returns on deployed capital. LSEG data show 85.1

JP Morgan on the 10th raised its S&P 500 end-2026 target to 8,000 from 7,800, citing robust corporate earnings outlook and faster revenue growth as large tech firms ramp AI investment. The new target is about 3% above last Friday's close. At least seven brokerages now forecast the S&P 500 at 8,000 by end-2026. JP Morgan analysts say cloud backlog converting into revenue should sustain strong growth, validate AI capex and ease investor concern over returns on deployed capital. LSEG data show 85.1% of 436 S&P 500 companies that reported Q2 results beat analyst estimates, versus a 1994–present average of 68%. The S&P 500 is up roughly 13% year-to-date, driven by AI-related optimism.