Frequent adjustments to target prices still underestimate gains in the US stock market, with Wall Street rare "chasing the rise".

According to Zhixun Finance APP, since the beginning of the year, the US stock market has rebounded from its low point, and although the sell-side strategists have raised their stock market target levels multiple times, they have consistently underestimated the strength of this round of increases. The S&P 500 index currently closed at 6486 points, nearly 3% higher than the year-end average market expectation tracked by Bloomberg, and only in 2024 and 1999 has such a significant difference between expectations and actual returns occurred. This difference highlights how much headache Wall Street forecasters have had recently - despite the fact that the stock market has left behind the shadow of the Trump trade war and economic cooling signals, the better-than-expected profit growth, frenzy surrounding AI technology stocks, and the prospect of interest rate cuts by the Federal Reserve continue to overshadow potential risks.