S&P 500 has another high 2023 price target. Here’s a look at Wall Street’s official stock-market outlook.

Despite the U.S. stock-market rally this year bolstered by the euphoria around artificial intelligence and hopes that the U.S. economy can avoid a recession as inflation falls, stock prices have been anything but simple to predict this year, a challenge exemplified recently by some of the Wall Street’s most prominent analysts.

Bank of America Corp.’s Savita Subramanian is the latest Wall Street strategist to boost her target for the S&P 500 SPX. She projected the benchmark index would rise to 4,600 by the end of 2023, a roughly…