Fundstrat Raises S&P 500 Target to 8,000 on Stronger 2027 Earnings
Updated
Updated · CNBC · Jun 25
Fundstrat Raises S&P 500 Target to 8,000 on Stronger 2027 Earnings
3 articles · Updated · CNBC · Jun 25
Summary
Tom Lee lifted Fundstrat's 2026 year-end S&P 500 target to 8,000 from 7,700, bringing the firm broadly in line with Goldman Sachs at 8,000 and Citigroup at 8,100.
Higher 2027 EPS forecasts drove the increase, with Fundstrat saying stronger earnings offset a more conservative valuation view and a lower target price-to-earnings multiple.
Fundstrat still expects multiple expansion, supported by AI spending, energy infrastructure buildout, onshoring and Wall Street blockchain adoption as earnings and growth drivers.
Three tests could disrupt the path higher: a new Fed leadership team, potential IPO unlocks including SpaceX and Anthropic, and petroleum product shortages tied to the Iran conflict.
The firm reiterated bullish calls on technology, financials, industrials, small caps and energy/materials, adding Caterpillar to its large-cap Top 5 while putting Northrop Grumman, Palantir and MicroStrategy on its Bottom 5.