The Wall Street Bull Who Says He Wasn’t ‘Bullish Enough’ Just Raised His S&P 500 Target Again — Calls Q1 Earnings ‘Gangbusters’

Ed Yardeni, President of Yardeni Research, said on Monday that he sees the S&P 500 index soaring to 8,250 by the end of 2026, driven by robust earnings and a resilient U.S. economy.

During an interview with CNBC, the economist raised his 2026 target for the S&P 500 from 7,700, noting that although he has remained bullish on the market, he now believes he was not bullish enough.

“The earnings estimates of analysts have been phenomenal. I’ve never seen anything like it. The first quarter earnings season, which we’re finishing up now, has turned out to be gangbusters,” Yardeni said.

The S&P 500 index has rallied 8% so far, and Yardeni’s target implies a further upside of more than 11% from current levels.

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