UBS Raises S&P 500 Year-End 2026 Target to 7,500 on Technology Earnings Growth

UBS has raised its S&P 500 forecast to 7,500 by the end of 2026, driven by expected earnings growth concentrated in the technology sector. The bank projects 14.4% earnings expansion for 2026, with nearly half coming from AI-focused companies including Nvidia and Microsoft. Citi separately increased its Nvidia price target to $220 ahead of the company's November 19 earnings report.