Barclays Sees 4% Upside for the S&P 500 on Tech Earnings Strength
Barclays raised its year-end S&P 500 target to 7,950 from 7,800 on Wednesday, leaving roughly 4% upside from the index’s latest close. The bank pointed to durable demand for artificial intelligence (AI) and repeated beat-and-raise results from Big Tech, which kept earnings momentum intact. The Earnings Math Behind the New S&P 500 Target Venu Krishna, The post Barclays Sees 4% Upside for the S&P 500 on Tech Earnings Strength appeared first on BeInCrypto.
Key Takeaways
- Barclays raised its year-end S&P 500 target to 7,950 from 7,800 on Wednesday, leaving roughly 4% upside from the index’s latest close.
- The bank pointed to durable demand for artificial intelligence (AI) and repeated beat-and-raise results from Big Tech, which kept earnings momentum intact.
- The Earnings Math Behind the New S&P 500 Target Venu Krishna, The post Barclays Sees 4% Upside for the S&P 500 on Tech Earnings Strength appeared first on BeInCrypto.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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