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Fundstrat's Lee joins Wall Street bulls in calling for S&P at 8,000

Tom Lee of Fundstrat Global Advisors now forecasts the S&P 500 will reach 8,000 by the end of the year. This move aligns him with other Wall Street bulls. JPMorgan has also increased its target for the index to 7,800.

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What changed

Fundstrat increased its S&P 500 year-end target from 7,700 to 8,000.

Live updates

  1. Fundstrat's Tom Lee Raises S&P 500 Year-End Target to 8,000

    Tom Lee of Fundstrat Global Advisors now forecasts the S&P 500 will reach 8,000 by the end of the year. This move aligns him with other Wall Street bulls. JPMorgan has also increased its target for the index to 7,800.

    What's confirmed:

    • Tom Lee of Fundstrat Global Advisors forecasts the S&P 500 will end the year at 8,000.
    • JPMorgan raised its S&P 500 target to 7,800.

    Still unconfirmed:

    • JPMorgan warns of a potential flash crash.
    • Fundstrat cited stronger corporate earnings and an improved outlook while maintaining a conservative view.
    confidence 90%