Barclays Raises 2026 S&P 500 Target to 7800 Points

On June 23, Barclays strategists stated that although the macroeconomic backdrop for the U.S. stock market is complex, the overall risk balance remains favorable. As a result, they have raised their S&P 500 target from the previous 7650 points to 7800 points. The team also provided a target for 2027 of 8800 points, with an earnings per share target of $389. Barclays noted that the reasons for a bullish stock market still hold, but as the Federal Reserve's support diminishes, the market's ability to withstand disappointment decreases, and visibility into earnings and AI capital expenditures must play a greater role.