Ed Yardeni raises S&P 500 year-end target to 8,250
Updated
Updated · Fortune · May 10
Ed Yardeni raises S&P 500 year-end target to 8,250
10 articles · Updated · Fortune · May 10
The Yardeni Research president lifted his forecast from 7,700 on Sunday, overtaking Oppenheimer's 8,100 and Deutsche Bank's 8,000 as the highest major Wall Street call.
He also raised 2026 earnings-per-share estimates to $330 from $310 and 2027 to $375, citing rapidly rising consensus earnings and a resilient US economy.
Yardeni kept recession odds at 20% and his 2029 S&P 500 target at 10,000, while warning renewed Iran-related disruption and a closed Strait of Hormuz could still trigger stagflation.
Consumer confidence is at a record low while the stock market hits new highs. What does this disconnect mean for the economy?
With a historic oil crisis unfolding, can the AI boom single-handedly prevent a market collapse and global recession?
Can the S&P 500 Hit 8,250 by 2026? Yardeni’s Bold Call, AI Growth, and Investor Strategies
Overview
Ed Yardeni has set a bold S&P 500 target of 8,250 by the end of 2026, driven by his elevated confidence in the 'Roaring 2020s' thesis and a merged 'meltup scenario.' This optimistic outlook is supported by strong corporate earnings growth, with average earnings surpassing 13% for four consecutive quarters, and anticipated policy boosts from Donald Trump’s 'Big Beautiful Bill,' which includes tax cuts and incentives for research. Additionally, major companies like Microsoft and Meta are increasing their investments in artificial intelligence, further fueling expectations for continued market gains.