RBC lifts S&P 500 year-end target to 7,900 on AI optimism

RBC Capital Markets raised its year-end S&P 500 target to 7,900 from 7,750, citing resilient earnings growth and continued strength in AI-linked sectors. The revision implies a more constructive outlook for equities, with AI-related leadership remaining a key support for index gains. This is a market-level analyst upgrade that could reinforce risk-on sentiment.

Analysis

RBC Capital Markets raised its year-end S&P 500 target to 7,900 from 7,750, citing resilient earnings growth and continued strength in AI-linked sectors. The revision implies a more constructive outlook for equities, with AI-related leadership remaining a key support for index gains. This is a market-level analyst upgrade that could reinforce risk-on sentiment.