The strategist has lifted his year-end target three times in 2026, but says he would not chase AI stocks right now

UBS raised its S&P 500 year-end target to 8,100 and boosted EPS forecasts for 2026 and 2027, citing AI-driven earnings growth and broad sector

Wall Street strategists now expect the S&P 500 to hit 7,900 by year-end 2026, with UBS and J.P. Morgan projecting even higher at 8,100 and 8,000