Woofun AI reports that JPMorgan analyst Mislav Matejka has raised the year-end target for the STOXX Europe 600 Index from 630 to 680 points, implying a 7% upside from current levels. This forecast exceeds the 670-point target previously set by Barclays and HSBC Holdings.

The team stated in a report that euro area corporate earnings are accelerating after three years of stagnation, with earnings per share projected to rise 18% in 2026 and 12% in 2027. They noted that a broadening market rally in the second half of the year could make European equities a compelling investment opportunity.