Analysts of the big Wall Street banks provide that the US shares will record another year of double-digit earnings in 2026, defying investors' recent fears about the huge spending plans by big tech companies and a potential bubble in the artificial intelligence sector.
According to the average forecasts of nine major investment banks interviewed by the Financial Times, the blue-chip index S & P 500 will rise to over 7.500 points by the end of 2026, with a increase of approximately 10% compared to the current levelThe index recently reached an all-time high of 6.920 points in October.
The conductor itself can take various shapes, in bare or tinned copper, with or without insulation. In some cases, a preferential bend can also be applied to the joint so that it operates exactly as designed. actions outside the United States are expected to grow in 2026, although at a slower rate than Wall Street markets. The index Stoxx Europe 600 will rise 6,4% from current levels, reaching around 615 points by the end of the year, while the Japanese Topix will rise by 5,6%, reaching around 3.590 points, according to an average of the forecasts of some banks interviewed.
With fears of overvaluation of tech stocks set aside, repeated rate cuts are on the horizon.
The rise expected by Wall Street analysts in 2026 would mark the seventh year of double-digit increases in the last eight years, which would however represent a slowdown compared to the 16,6% increase recorded so far in 2025 and the average of the last decadeOn the positive side, however, the forecasts seem to indicate a belief on Wall Street that the markets have left behind last month's collapse, triggered by concerns about the company's overly high valuations,artificial intelligence. Instead, the policies applied by Trump will help US budget and the prospects of cuts to rates of interest on the part of the Federal Reserve. The next week Markets are almost taking for granted a third rate cut of this year of 25 basis points. But based on the levels implied by futures markets, investors expect three or four cuts interest rates by a quarter of a point by the end of the next year.
Stocks have recovered from a sharp sell-off during the so-called tariff blitz Giorno della Liberazione Trump's April (when the index fell by up to 15% in a few days), driven by stocks of Big Tech, the protagonists of the market growth in recent years. Nvidia, the world's largest company, has more than doubled in value from its April low and in October became the first company in the world to reach $5.000 trillion.
Analysts expect the S&P to rise between 7.100 and 8.000 points. It closed Friday at 6.857 points.
The opinions of analysts collected by FT show a spectrum of levels for the S&P index, from a low of 7.100 points to a high of 8.000, in each case up from around 6.800 points in recent days.
“There will be bumps along the way, but we believe the bull market is intact,” analysts said. Morgan Stanley, who predict that the S&P will reach share 7.800 by the end of next year. Performance will be boosted by the "triumvirate of accommodative fiscal, monetary, and regulatory policies, coupled with the tailwinds of artificial intelligence," they added, pointing to the estimated $129 billion in corporate tax cuts contained in Trump's "big, beautiful bill."
Deutsche Bank predicts that the S&P 500 index will reach 8.000 points by the end of 2026, which implies roughly the same growth rate as in 2025: this is the most optimistic forecast among major banks. Binky Chadha, head of U.S. equity strategy at the German bank, expects strong corporate earnings early next year, which will boost returns, and predicted that performance will extend beyond the technology sector "Across all sectors and regions," he said. "Everyone calls my forecast bullish, but I'm afraid it's not bullish enough," Chadha added.
Analysts Bank of America They predict the S&P will rise to just 7.100 points by the end of next year, making their forecast the most cautious, as they anticipate future market turbulence. BofA warned that the effects of artificial intelligence spending and data center construction have yet to translate into improved earnings. "For now, investors are buying the dream," said Savita Subramanian, head of equity strategy.
