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.
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The head of U.S. equity and quantitative strategy's target implies just a 4% rise from current levels.
Tom Lee expects another strong year for stocks in 2026, after three years of double-digit gains
Despite recent pressure from tech stocks, the bull market should be poised to continue next year, according to UBS.
The driver for this sharp outlook boils down to one word.
The firm's strategist pointed out that several positive forces will lift the market to his 2026 target.
After setting up what looks to be a third year of solid gains, the S&P 500 could be due for more in the new year.
