Ed Yardeni, President of Yardeni Research, has revised his year-end forecast for the S&P 500, setting a new target of 8,250, an 11.5% increase from last Friday’s close.
The updated forecast, a jump from the previous 7,700, positions Yardeni as the most optimistic among top Wall Street predictors. This adjustment comes on the heels of recent earnings that have triggered a stock market “meltup,” reported Fortune, citing Yardeni’s note to investors.
“The speed at which consensus earnings expectations for the current and coming years have risen in recent months is unprecedented,” Yardeni noted. He now expects large-cap companies’ earnings per share to hit $330 this year, up from his previous estimate of $310. His 2027 EPS forecast has also been revised upwards from $350 to $375.
Yardeni has also increased his S&P 500 revenue per share predictions for 2026 and 2027 by $100 to $2,200 and $2,300, respectively. He continues to believe in the resilience of the economy and earnings, a stance he’s maintained since the onset of the Roaring 2020s.
Despite acknowledging the risks of renewed conflict and potential stagflation, Yardeni remains steadfast …
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