S&P 500 in 2026: Here are the top predictions

Core Insights - The S&P 500 experienced substantial growth in 2025, closing at 6,845.50, with an annual gain of approximately 16.4% [1][4] - The index is projected to continue its upward trend in 2026, with median forecasts suggesting a year-end target of around 7,600, indicating an 11% upside from 2025 [5] Performance Overview - The S&P 500 achieved double-digit returns for the third consecutive year, driven by strong corporate earnings, particularly in technology and artificial intelligence [4] - Despite some volatility towards the end of the year, the overall trend remained positive [4] 2026 Earnings Projections - Earnings per share for the S&P 500 are expected to rise to approximately $306, reflecting a growth of about 12.5% [5] - Analysts have varying targets for the S&P 500 in 2026, with Oppenheimer predicting 8,100 (18% increase), Deutsche Bank forecasting 8,000 (17% increase), and Morgan Stanley estimating 7,800 (14% increase) [6][7] Analyst Targets - Seaport Research aligns with a 7,800 target, emphasizing continued innovation and revenue growth [7] - RBC Capital and Evercore both target 7,750, indicating a 13% upside, while Citigroup anticipates 7,700 (12% gain) [8] - Goldman Sachs expects the index to reach 7,600, representing an 11% upside, with earnings estimates around $305 per share driven by technology-led revenue gains [8]