UBS Global Wealth Management lifts S&P 500 target on strong consumer spending, AI demand

S&P 500 index

S&P 500 index

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May 22 (Reuters) - UBS Global Wealth Management raised its 2026 year-end target for the S&P 500 .SPX to 7,900 from 7,500 previously, citing resilient consumer spending and seemingly insatiable demand for data center infrastructure.

In a note dated May 21, the brokerage said U.S. stocks have hit new highs despite ongoing uncertainty over Middle East energy flows, driven by hopes of an end to the conflict, strong first-quarter earnings, and AI momentum.


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