Evercore ISI has raised its 2026 S&P 500 (SPX) price target to a street-high of 7,750, forecasting “a technological revolution lifting stocks, multiples and society to new heights.” The firm’s updated price target reflects upside of about 20% from Friday’s closing price.
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Evercore’s bull case sees the index ending 2026 at 9,000, while its bear case of 5,000 factors in sticky inflation and slow economic growth.
Evercore Hikes 2025 S&P 500 Price Target
Evercore also raised its 2025 S&P 500 price target to 6,250 from 5,600. However, that implies downside of over 3% from Friday’s close and is lower than the average 6,370 price target from the street, according to Bloomberg.
Still, the firm remains extremely bullish on AI, claiming that it is “‘bigger’ than the internet.” In only three years, “its effect has touched all parts of society and industry even as adoption only begins to inflect.”
The S&P 500 has rallied 30% since its April 8 low as AI-related companies, like Nvidia (NVDA), Advanced Micro Devices (AMD), and Microsoft (MSFT), have buoyed the index higher.
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