The firm previously made a forecast that the S&P 500 would end the year at 6,200 but has now revised that to 6,600. A dip back to their previous target would imply a drop under 3%, which wouldn't be anything too substantial to be fair given the 30% jump since the April lows. But clearly, it seems their take on this is that the AI boom will continue to flow and it's all buying that dip.
UBS Global Wealth Management bumps up S&P 500 target for the year
- It only makes sense as their previous target was already well behind where we're trading now
