Deutsche Bank raised S&P 500 year end target to 7000

(Bloomberg) — Wall Street forecasters are rushing to boost their outlook for the S&P 500 (^GSPC) as robust corporate earnings and renewed enthusiasm around artificial intelligence fuel a record-breaking rally.

Deutsche Bank AG strategist Binky Chadha raised his year-end target for the US benchmark to 7,000 points, implying gains of more than 7% from current levels. His peers at Barclays Plc also increased their forecast, while the team at Wells Fargo Securities LLC expects gains of 11% by the end of next year.

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