Wells Fargo has raised its year-end 2026 target for the S&P 500 to 7,950 from 7,300, implying a potential upside of about 5% from current levels. The brokerage cited stronger corporate earnings, easing macroeconomic uncertainty following the interim U.S.-Iran agreement, and improved investor sentiment after a recent market pullback.

Wells Fargo raised its S&P 500 year-end target to 7,950 as a US-Iran ceasefire memorandum eases tensions, boosting equities, oil markets, and Bitcoin.

Wells Fargo has raised its year-end 2026 target for the S&P 500 to 7,950 from 7,300, implying a potential upside of about 5% from current levels. The brokerage cited stronger…