JPMorgan raises S&P 500 target to 7,800, but warns of 'flash crash'
Key takeaways
- The firm previously forecast the index would reach 7,600.
- JPMorgan strategists expect the Federal Reserve to keep interest rates steady through 2026 before eventually pivoting to rate hikes in 2027.
- Still, the strategists said "the fundamental backdrop remains strong and investors should use technical weakness as a buying opportunity."
JPMorgan raises S&P 500 target to 7,800 but warns of 'flash crash' Ines Ferré · Senior Business Reporter Wed, June 24, 2026 at 9:52 PM GMT+7 2 min read The AI supercycle and earnings revisions are expected to send the S&P 500 (^GSPC) higher this year, but the path to getting there won t be a straight line, JPMorgan strategists said.
The firm s mid-year global research outlook report, released on Wednesday, notes that with the United States and Iran working toward a peace deal, "we are approaching our ‘Blue Sky’ scenario and increasing our S&P 500 year-end price target to 7,800."
The firm previously forecast the index would reach 7,600. The new target represents nearly a 6% increase from Tuesday s close. But the road to getting there may be bumpy, with several hurdles still to clear.