Ed Yardeni Just Raised His 2026 Price Target on the S&P 500 to 8,400. 3 Ways The Market Can Get There.
Yardeni has been bullish on the market for the past several years, nailing most of his calls.
Overview
Despite concerns about the impressive gains in the stock market during the past three years and extreme spending on artificial intelligence, the broader S&P 500 (SNPINDEX: ^GSPC) is now up roughly 12.3% this year and sits at about 7,756 (as of Aug. 17).
Well-known market strategist Ed Yardeni of Yardeni Research thinks more gains are coming. Yardeni recently raised his price target on the S&P 500 to 8,400, implying an additional 8% increase. If this prediction comes to fruition, the S&P 500 will enjoy its third consecutive year at least 20% gains.
Details
Nobody knows what will happen, but here are three ways the S&P 500 can continue its strong year and finish at 8,400.
Source
Originally published at www.fool.com.