The firm's strategist pointed out that several positive forces will lift the market to his 2026 target.
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Despite recent pressure from tech stocks, the bull market should be poised to continue next year, according to UBS.
The firms' year-end S&P 500 outlooks now range from 6,450 to 7,000.
The head of U.S. equity and quantitative strategy's target implies just a 4% rise from current levels.
The S&P 500 reaching Stovall's 7,400 target by the end of next year would amount to 10% upside for the benchmark stock index.
UBS expects S&P 500 earnings per share to rise about 10% in 2026, a growth rate that it says could lift the index to roughly…
The Ritholtz Wealth Management CEO made his comments in response to HSBC hiking its S&P 500 year-end target because of AI.
