S&P 500 Analyst Forecasts

A compilation of recent year-end price targets for the S&P 500 from major financial institutions.

AI Market Synthesis

Wall Street sentiment remains predominantly bullish for the S&P 500 as of late 2026, with a consensus target hovering near 7,967. The primary drivers for these optimistic forecasts are robust corporate earnings growth, particularly within the AI infrastructure sector, and resilient economic conditions. While some institutions have tempered their outlooks due to rising 10-year Treasury yields and geopolitical risks, the general expectation is for continued market gains, supported by historical midterm election year trends and strong fundamental performance.

Yardeni Research

7900

S&P 500 Year-End Target

The target was adjusted downward from previous highs due to the impact of rising bond yields on equity valuations.

J.P. Morgan

7800

S&P 500 Year-End Target

The forecast is supported by strong earnings momentum driven by the AI-led investment boom and resilient economic conditions.

Goldman Sachs

8000

S&P 500 Year-End Target

Valuations are expected to be supported by continued growth in corporate profits, particularly from AI infrastructure beneficiaries.

Morgan Stanley

8000

S&P 500 Year-End Target

The firm believes the market has already priced in the biggest risks and does not require further Federal Reserve rate cuts to advance.

Citigroup

8100

S&P 500 Year-End Target

The target was raised based on sustained earnings strength and the ongoing AI 'supercycle'.

HSBC

8100

S&P 500 Year-End Target

The upgrade reflects robust corporate earnings, sustained AI infrastructure spending, and better-than-expected quarterly results.

RBC Capital Markets

8150

S&P 500 Year-End Target

The firm maintains a high target despite acknowledging growing risks of a market pullback.

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