Deutsche Bank AG has raised its year-end target for the S&P 500 index to 7,000 points

Zhitong
2025.09.10 04:17

Deutsche Bank AG has raised its year-end target for the S&P 500 index from 6,550 points to 7,000 points, citing positive corporate earnings growth, manageable tariff impacts, and supportive investor positioning. "We expect stock valuations to remain elevated," wrote strategists including Binky Chadha in the report. Valuations will be supported by the following factors: higher dividend yields, stronger expectations for earnings growth trends, and more resilient earnings performance, with a reduced frequency of significant pullbacks. Deutsche Bank also raised its earnings per share forecast for the S&P 500 index this year from $267 to $277, due to factors including better-than-expected earnings in the second quarter, comments from companies on the impact of tariff increases, improved macroeconomic growth expectations, and a weaker dollar