Citigroup raised its year-end 2026 S&P 500 target to 8,100 from 7,700. This forecast implies a 10% upside from the most recent closing price. The upgrade stems from resilient corporate earnings and an artificial intelligence supercycle.
Citigroup is the latest Wall Street firm to project the index will surpass 8,000. The firm raised its 2026 earnings-per-share forecast to $350 from $320.
A preliminary 2027 earnings-per-share target was set at $400. Strategists noted that the sustainability of AI-driven growth after 2027 remains a key market question.