Ed Yardeni lifts 2026 S&P 500 target to 8,250
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- Ed Yardeni raised his 2026 S&P 500 year‑end target to 8,250, up from 7,700, the most bullish among top Wall Street forecasters.
- Yardeni lifted his 2026 EPS estimate to $330 (from $310) and 2027 EPS to $375 (from $350), and increased revenue‑per‑share forecasts by $100 for both years.
- Goldman Sachs delayed its projected Fed rate‑cut timeline to December 2026 and March 2027, citing sticky inflation and higher energy costs.
- Middle‑East conflict and a 12.5% YoY rise in energy prices are highlighted as downside risks that could spark stagflation and push bond yields higher.
- Other Wall Street firms—including Bank of America (7,100), UBS (7,500), Citigroup (7,700), Morgan Stanley (7,800), RBC (7,900), Goldman Sachs (7,600), Barclays (7,650), JPMorgan (7,600)—set lower 2026 S&P 500 targets, reflecting a cautious outlook.
Why it matters: Yardeni’s aggressive 8,250 target raises expectations for higher equity valuations, benefitting growth‑oriented investors, while the more modest targets of other firms signal caution for risk‑averse investors concerned about inflation, energy price spikes, and Middle‑East tensions that could curb market gains.
