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Barclays lifted its year-end 2026 S&P 500 target to 7,950 from 7,800. The revised level is about 3.6% above Tuesday’s 7,673.52 close, after a technology earnings season strengthened confidence in AI-driven profit growth.
Zscaler said fourth-quarter annual recurring revenue rose 25% and non-GAAP operating margin reached 24.3%, while Security for AI bookings increased more than 50% sequentially.
Yardeni Research raises S&P 500 year-end target to 8,400