The president of Yardeni Research, a sell-side Wall Street firm, announced that they are increasing their 2026 S&P 500 forecast due to a robust earnings environment.
During a recent interview on CNBC, Ed Yardeni disclosed that their projection has been raised from 7,700 to 8,250 by the end of the year.
“I’ve been optimistic, but it seems I was not optimistic enough. Analysts’ earnings estimates have been exceptional. This first quarter’s earnings season has been outstanding, and analysts are even raising their forecasts for the upcoming quarters. They are talking about a significant increase of around 23% for the entire year, which is remarkable in a continuously growing economy.”
Yardeni advises investors not to underestimate the economy’s resilience, even in the midst of ongoing geopolitical tensions surrounding the Iran War.
The seasoned Wall Street investor also emphasizes that analysts sometimes give too much importance to the happenings in Washington, DC.
We have managed to thrive despite the political climate in Washington, and I believe the same can be said for the global scenario.”
As of now, the S&P 500 is valued at 7,416.18 and has seen a more than 2.5% increase in the past five days. A jump to 8,250 would indicate a growth of over 11%.
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