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3d ago

Forecasters Raise S&P 500 Targets on Earnings Surge as Yardeni Leads at 8,250

The rally leans on fast-rising profit estimates concentrated in AI-focused megacap stocks.

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Ed Yardeni, founder of Yardeni Research Inc., speaks during a Bloomberg Television interview in New York, U.S., on Thursday, Aug. 31, 2017.
HSBC Bank logo is seen in this illustration taken March 12, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
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Overview

  • Ed Yardeni lifted his year-end S&P 500 target to 8,250 on Sunday, the most bullish major call and a move he ties to an earnings-led market surge.
  • HSBC raised its 2026 target to 7,650 on Monday and boosted its earnings view to $325 per share, projecting roughly 20% growth and cautioning that market leadership is narrow.
  • U.S. indexes sit at record levels as AI-linked giants drive results, with first-quarter S&P 500 profits tracking near 29% growth, according to LSEG I/B/E/S data cited in the coverage.
  • Strategists warn that concentrated gains leave the market exposed to higher oil prices, renewed Middle East conflict, or fresh rate hikes if inflation accelerates.
  • HSBC says the index could top 8,000 if tech valuations climb and more sectors join the advance, while Yardeni still targets 10,000 by 2029 in his long-run outlook.