CFRA RAISES S&P 500 TARGET TO 8,650 CFRA raised its 12-month S&P 500 target to 8,650 from 7,730, implying nearly 12% upside from August 7. The firm also lifted its 2026 year-end target to 8,050. Strategist Sam Stovall says strong earnings continue to support equities, but rising margin debt, persistent inflation and potential Fed tightening are fueling concerns that the rally could be approaching a peak.(*Walter Bloomberg)