Citi raised its S&P 500 index target to 6300 points, preferring to Buy the Dips over chasing the price.

On June 9, Citi’s equity strategists raised the target for the S&P 500 index to 6,300 points by the end of the year, citing the structural bullish nature of large-cap U.S. stocks and a more positive view of fundamentals. The new target is 5% higher than Friday’s close, which was previously expected at 5,800. Citi is cautious about chasing the upside, but prefers to buy the dip. In the optimistic scenario, the target is 7,000 points at the end of the year, and in the pessimistic scenario it is 5,200 points; In the optimistic scenario, the target for mid-2026 is 7,500 points, and in the pessimistic scenario it is 4,800 points.