---
title: "S&P 500 Could Hit 7,200 By 2026, Wells Fargo Says In Aggressive Upgrade"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/257976735.md"
description: "Wells Fargo has raised its S&P 500 price targets, increasing the 2025 year-end forecast to 6,650 and the 2026 target to 7,200. This upgrade is attributed to ongoing AI-driven capital spending and expectations of a gradual rate cut by the Federal Reserve. Other firms like Barclays and Deutsche Bank have also raised their estimates, reflecting a broader Wall Street belief in AI's potential to support earnings despite valuation concerns. Wells Fargo's chief equity strategist noted some market froth but remains optimistic if AI capital expenditures continue."
datetime: "2025-09-18T20:46:36.000Z"
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  - [zh-CN](https://longbridge.com/zh-CN/news/257976735.md)
  - [en](https://longbridge.com/en/news/257976735.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/257976735.md)
---

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# S&P 500 Could Hit 7,200 By 2026, Wells Fargo Says In Aggressive Upgrade

**Sep 17** - Wells Fargo pushed its S&P 500 price targets higher this week, lifting the year-end 2025 target to 6,650 from 6,3006,500 and moving its 2026 forecast to 7,200 from 6,9007,100.

The bank ties the upgrade partly to continued AI-driven capital spending and expects a shallower path for rates if the Federal Reserve starts cutting, markets price a possible 25-basis-point move next week.

Other firms have nudged estimates higher too: Barclays raised its outlook to 6,450, while Deutsche Bank set a loftier 7,000 target. Those calls reflect a wider Wall Street view that AI investment can support earnings even as investors debate valuation risks.

Wells Fargo's chief equity strategist, Ohsung Kwon, warned of froth in some pockets but added that if AI capex holds, the broader rally can keep going. The bank also cites potential policy tailwinds such as deregulation and proposed tax changes.

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- [Wells Fargo & Company (WFC.US)](https://longbridge.com/en/quote/WFC.US.md)

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