📌 JPMorgan raised its year-end S&P 500 target 2.5% to 8,000, citing stronger index earnings and hyperscaler gains that validate AI capex, improve order visibility, and ease ROIC concerns. It forecasts 2027 S&P 500 EPS of about $420—2.7% above consensus and implying 15% growth.
Wells Fargo estimates an 8% aggregate earnings beat rate among more than 430 reporters—roughly double the long-term average—driven primarily by sectors outside technology.