Barclays lifts its 2025 target for S&P 500 to 6050

Barclays became another major lender that raised its projections for the S&P 500 index, following the example of Goldman Sachs, Deutsche Bank, and UBS Global Wealth Management.

Analysts at the brokerage said the index average is forecast to end 2025 at 6,050, up from the previous estimate of 5,900. On Tuesday, the S&P 500 index closed at 5970.37. The experts believe that the peak of uncertainty surrounding Trump's tariff agenda is now over.

For 2026, Barclays suggests the S&P 500 index to reach 6,700. The bank's representatives expect rising corporate earnings per share next year will boost the index.

However, the analysts also do not rule out possible headwinds caused by tariffs.

Despite US courts fighting the tariffs within the legal framework, Trump has renewed the pressure by doubling the duty rate on most imports of steel and aluminum to 50%, which goes into effect on Wednesday, June 4. He argues that the tariffs will prevent other countries from dumping goods in the US and also improve the competitiveness of the country's steel producers.