Morgan Stanley said on Monday that it expects U.S. equities to outperform global markets over the coming years. In its latest series of global economic outlook reports, the bank raised its year-end 2026 target for the S&P 500 to 7,800.
The firm said the upgraded target reflects stronger earnings momentum, productivity gains fueled by artificial intelligence, and a policy environment that remains broadly supportive for equities.
Morgan Stanley did not specify what its previous target for the index had been.
