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August 7, 2026 at 06:13 AM
CFRA Hikes S&P 500 Target to 8,050 as Wall Street Turns More Bullish
Wall Street firm CFRA just got a lot more optimistic about stocks. It raised its S&P 500 year-end target to 8,050, up from 7,400, according to CNBC. That implies roughly 4% upside from Wednesday's close and would put the index up 17.6% for the year.
CFRA isn't alone. RBC Capital Markets said in June it sees the index hitting 8,150 over a 12-month period. UBS raised its year-end target to 8,100 from 7,500 last month. Tom Lee has also put out a bullish August call, predicting the S&P 500 will hit 8,000, according to reporting cited by ground.news. CFRA's year-end target of 8,050, roughly 4% above Wednesday's close, now sits alongside some of the most bullish calls on the Street, even if it still trails RBC's 8,150 and UBS's 8,100.
CFRA's reasoning, per CNBC: easing oil prices reducing inflation risk, a resilient consumer, and continued momentum from AI infrastructure spending. The firm also points to a historical pattern where stocks tend to rally from October onward in midterm election years. "Taken together, these factors underpin our conviction that the nearly four-year-old bull market has further room to run," CFRA said in a note.
The seasonal warning sign
Bank of America analysts, cited by the Motley Fool via ground.
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