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Citi Sets 2026 S&P 500 Target Price at 7700 Points, AI Seen as Key Theme
BlockBeats News, December 15th, Citigroup has set a target of 7700 points for the S&P 500 Index at the end of 2026, citing strong corporate earnings and continued bullishness from artificial intelligence investments. The brokerage firm stated that it expects the development of artificial intelligence infrastructure to be a key theme in 2026, aligning with the views of its Wall Street peers, but anticipates that the market focus will shift from companies providing AI technology to those adopting this emerging technology.
A Citigroup strategist stated: "While AI is expected to remain a market focus, its development is likely to follow a winner-takes-all, loser-exits pattern." Citigroup's target implies a 12.7% increase for the index from the previous day's closing price of 6827.41 points. (FX678)
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