Major brokerages' forecasts for S&P 500 index in 2026
SPY•Brokerages' year-end 2026 S&P 500 targets range from 7,400 at BofA Global Research to 8,100 at several firms. Strategists expect AI-led earnings strength to offset the conflict's short-term economic impact, while inflation and energy-flow concerns persist.
1. Targets vary
Goldman Sachs, Citigroup and several other brokerages forecast the S&P 500 at 8,000 or higher by year-end 2026. BofA Global Research set a target of 7,400, while Wells Fargo forecast 7,700.
2. Key forecasts
Targets of 8,100 came from UBS Global Research, Oppenheimer Asset Management, Citigroup, UBS Global Wealth Management and HSBC. Wells Fargo Investment Institute gave a range of 7,800 to 8,000.
3. Market factors
Brokerages expect the index to extend its rally, citing AI momentum and strong corporate earnings. Strategists said those factors could offset the conflict's short-term economic impact, while higher inflation and disruption to global energy flows remain concerns.
