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.
