Citigroup sets a 2026 target of 7700 for the S&P 500.

Odaily Odaily reports that Citigroup has set a year-end target of 7700 for the S&P 500, citing strong corporate earnings and continued positive impacts from investments in artificial intelligence (AI). The brokerage firm stated that it expects AI infrastructure development to be a key theme in 2026, consistent with its Wall Street peers, but anticipates a shift in market focus from companies providing AI technology to those adopting this emerging technology. A Citigroup strategist stated, "While AI is expected to remain a focus for the market, its development is likely to follow a winner-takes-all, loser-out pattern." Citigroup's target implies a 12.7% increase in the index from the previous day's closing price of 6827.41. (Jinshi)