Stifel raises the S&P 500 year-end target to 7,900 points
路透社2026/10/05 15:26Reuters, October 5 – Stifel has raised its year-end target for the S&P 500 .SPX benchmark index from 7,800 to 7,900, citing expectations of stronger corporate earnings and gains driven by AI spending, despite a worsening macroeconomic environment. Key details include: In a report released on Sunday, the brokerage said robust government spending and AI investments are propelling profit growth. However, it also noted that strong economic activity is keeping interest rates elevated for a longer period. The revised target is 1.9% higher than the index’s current level. Despite rising energy costs, persistent inflation, high bond yields, and cooling enthusiasm for AI, U.S. equities remain resilient. The brokerage stated that sticky inflation is once again dominating market movements, strong economic data is putting pressure on stocks, and the safe-haven appeal of bonds has diminished. “Capital expenditures and operating leverage in the tech sector continue to drive margin expansion in the S&P 500,” the report said. Stifel's forecast is slightly below the consensus among brokerages, many of which predict the S&P 500 will close at 8,000 points or higher by the end of 2026 (link), with the bull market extending into next year. (For ease of non-English speakers, Reuters provides automated translations of its reports into several other languages. Since automated translations may contain errors or lack required context, Reuters does not guarantee the accuracy of the automated translation and provides it solely for readers’ convenience. Reuters will not be liable for any damage or loss arising from the use of the automated translation feature.)
Reuters Oct 5 - Stifel has raised its year-end .SPX S&P 500 benchmark index target from 7,800 to 7,900, citing expectations for stronger corporate earnings and gains from artificial intelligence spending, despite a worsening macroeconomic environment.
Details are as follows:
The brokerage said in a report released on Sunday, that resilient government spending and AI investments are driving profit growth.
However, the firm stated, strong economic activity has also resulted in interest rates remaining at higher levels for a longer period.
The revised target is 1.9% higher than the current level of the index.
Despite rising energy costs, persistent inflation, elevated bond yields, and a cooling enthusiasm for artificial intelligence in the market, US stocks remain resilient.
The brokerage noted that stubborn inflation is again dominating market trends, strong economic data is putting pressure on equities, while the safe-haven appeal of bonds has diminished.
“Capital expenditures and operating leverage in the technology sector continue to drive margin expansion in the S&P 500 index,” the report said.
Stifel’s forecast is slightly below the consensus among brokerages, many of which expect the S&P 500 to end 2026 at 8,000 points or above (link), with the bull market continuing into next year.
(To assist non-native English speakers, Reuters has provided automated translations of its reports into several other languages. As automated translations may contain errors or lack essential context, Reuters does not guarantee the accuracy of these translations and provides them solely for reader convenience. Reuters accepts no responsibility for any loss or damage resulting from the use of automated translation services.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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In the fifth paragraph, a quote from analyst Sahil Pandey was added. Reuters, October 5 - According to the Financial Times, citing informed sources, pharmaceutical distributor McKesson (MCK.N) and private equity firm Clayton Dubilier & Rice are about to reach an acquisition agreement to purchase infusion service provider Option Care Health, with the deal valued (including debt) at over 5 billions USD. After the report was published, Option Care's share price rose by 21% in after-hours trading. The report stated that the deal could be announced as early as Tuesday, but negotiations could still fall through. This potential acquisition would be McKesson’s latest move in expanding its healthcare services portfolio. In August this year, the company agreed to acquire Precision Medicine Group for about 2.25 billions USD (link), as part of its effort over the years to strengthen high-growth business sectors. Leerink Partners analyst Michael Cherny said the “strategic logic” of the deal makes sense, as it would expand McKesson’s business from physician offices to care settings in the home and alternative sites. Option Care provides infusion services that allow patients to receive intravenous treatments at home or other outpatient settings, eliminating the need to go to the hospital. McKesson has previously been restructuring its business portfolio by divesting non-core assets and investing in fields such as oncology and specialty care (link). Driven by the growth of its specialty distribution business and contributions from acquisitions, revenue for its oncology and multi-specialty business segment grew by 33% in the latest fiscal quarter. McKesson declined to comment, while CD&R and Option Care did not immediately respond to Reuters’ requests for comment regarding the report. (For non-English speakers' convenience, Reuters offers automated machine translations of its reports in several languages. As there may be mistakes in the automated translations or some context may not be included, Reuters does not guarantee the accuracy of the automated translation text, which is provided solely for readers’ convenience. Reuters bears no responsibility for any damages or losses caused by the use of automated translation functions.)
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