Citigroup raised its year-end 2026 target for the S&P 500 to 8,100 from 7,700, while increasing its earnings-per-share forecast to $350. Despite this upward revision, Citi strategists reported an aggressive build-up of short-selling positions in U.S. stocks. The bank also noted that bullish wagers in the tech sector remain stretched, leaving the market vulnerable to potential volatility despite recent selloffs.
Citigroup's Series R preferred shares offer a 6.3% yield with robust dividend coverage following aggressive share buybacks and strong Q1 earnings.
Read the full storyCitigroup strategists highlight market vulnerability as aggressive short positions rise against overextended bullish wagers in the technology sector.
The bank raised its 2026 S&P 500 forecast by 5%, projecting earnings per share to reach $350 driven by the transformative impact of AI.