JP Morgan on Wednesday joined major Wall Street brokerages to raise its 2026 year-end target for the S&P 500 index, lifting it to 7,800, citing strong earnings momentum driven by the AI-led investment boom and resilient economic conditions.
The current target, roughly 6% higher than the index’s last close of 7,365.46 points, adds to a chorus of bullish brokerage calls, with at least seven research firms raising their targets this month.
The brokerage previously forecast the index to end the year at 7,600. It also lifted its S&P 500 earnings-per-share forecast to $350 for 2026 and expects them to hit $390 for 2027.