Why analysts are still very bullish on S&P 500 for 2022?

Analysts issued crazy EOY estimate for S&P 500 in the beginning of year, but they kept revising it. Oppenheimer revised S&P 500 target to 4800. Most bearish firm cut EOY S&P 500 target to 4200 which is 9% gain from Friday's close.

Are analysts that naive? Did they miss Fed hiking 50-75 in interest rates, crazy inflation and fear of recession?

I think we will be at luck if S&P ends above 4000 end of year. I think it is all about Q2-3 earnings and guidance.

I stopped listening to analysts since January. But why do you think big firms analysts are still very bullish? Do they know something we, retailers, do not know.