US Stock Market: Wells Fargo raises S&P 500 target on stronger earnings outlook, easing macro risks (opens original article in a new tab)

Wells Fargo raised its S&P 500 target for 2026 to 7,950, citing stronger earnings expectations and reduced macroeconomic uncertainty following the U.S.-Iran agreement. The firm also increased its 2026 and 2027 earnings per share forecasts.

• Wells Fargo raised its 2026 S&P 500 target to 7,950 from 7,300
• The firm increased 2026 EPS forecast to $340 from $315 due to stronger corporate earnings
• Wells Fargo also raised 2027 EPS estimate to $390 from $365
• Geopolitical risks are seen as reduced after U.S.-Iran agreement
• Inflation remains a key risk for equities if the Fed responds aggressively