Citigroup Raised ITS S&P 500 Year-End Target to 6,600 from 6,300, Citing Stronger Corporate Earnings Underpinated by Benefits From President Donald Trump’s Tax and Spending Legislation and Resilience In Second-Half Projections Following Broad Broad Q2 Beats.
The New Call Impies Roughly 3% Upside From Recent Levels and Reflects A View That Tax Offsets Should Outweight The Modest Drag From Tariffs On Us Companies, According to The Bank’s Strategists.
Citi Lifted ITS S&P 500 EPS Estimates To $ 272 for 2025 and $ 308 for 2026, Up from $ 261 and $ 295, While Keeping Valuation Assumptions Unchanged, Signaling Confidenze than Earnings Are Doing The Heavy Lifting for The Index’s Advance. The Team, LED by Scott Chronet, Also Outlined A Path To 6,900 by Mid-2026, Expecting A Continued Broadening of Fundamentals Similar to last year to all The Warn Euphoric Sentiment Could Fuel Bouts of Volatility.
The upgrade follows a prior increase in 6,300 amid strengthening ai-related themes and improving Earnings Trajectories, Aligning Citi with a Broader Wave of Wall Street Target Hikes During the Summer Rally.
Recent Market Action You have the S&P 500 Hover Near Records, Supported by Mega-Cap Tech Leadership and Robust Earnings Season Dynamics, Setting the Stage for Increased Gains If Profit Formts Hold.
Citi’s Note Emphasizes That While Policy Volatility Remains A Risk, Earnings Momentum has translated directly into full-YEAR EXPECTATIONS, Supporting the Case for Further Upside into year-end. The Bank Views Any Sentiment-Driven Pullbacks As Potential Buying Opportunities Against A Backdrop of Rising Earnings Power and Steady Valuation Frameworks.
