UBS has raised its S&P 500 price target for year-end 2025 to 6,400, an 8% increase from the previous forecast, while also adjusting the 2024 target to 5,850. The bank anticipates a 9.2% upside driven by earnings growth and improving economic conditions, projecting EPS of $240, $257, and $275 for 2024, 2025, and 2026, respectively. Key factors include stable margins, revenue growth of 4.8% in 2025, and a slight rise in price-to-earnings multiples, although inflation risks could impact the outlook.