UBS raised its S&P 500 target price, expecting it to reach 8100 points by December 2026 and 8400 points by June 2027. The bank increased its earnings per share (EPS) forecasts for 2026 and 2027 to $350 and $400 respectively, citing strong earnings growth, economic resilience, the Federal Reserve's patience, and accelerated AI adoption. Key risks include rising oil prices, rekindled inflation, and AI returns falling short of expectations.