JP Morgan has lifted its 2026 year-end target for the Stoxx Europe 600 index to 680, up from a prior target of 630. That is a meaningful upward revision, and it did not arrive in a vacuum. It came during a June 2026 period when multiple major brokerages were simultaneously reassessing their outlook for both European and US equities.
On the same day JP Morgan raised the Stoxx 600 target, the bank also bumped its S&P 500 year-end target to 7,800 from 7,600.
Where the Stoxx 600 fits in, and why 680 matters
The Stoxx Europe 600 is the broadest benchmark for European equities. It tracks 600 companies across 17 countries, spanning everything from German industrials to French luxury conglomerates to British financial firms.
For context, JP Morgan is not alone in its optimism. Goldman Sachs set a 12-month Stoxx 600 target of 660 on June 1, 2026. UBS had previously pegged its own end-2026 target at 650. JP Morgan’s new 680 call sits at the top of that range, making it the most bullish major-bank projection on the index currently in circulation.
