JPMorgan Raises S&P 500 Target to 8,000 as AI Earnings Boost Market Outlook
TLDR
- JPMorgan raised its S&P 500 year-end target from 7,800 to 8,000
- 85.1% of S&P 500 companies beat Q2 earnings expectations, well above the 68% long-term average
- AI investment benefits are becoming clearer, especially at Google, Amazon and Microsoft
- JPMorgan revised its S&P 500 EPS forecast to $365 for 2026 and $420 for 2027
- A weaker dollar, steepening yield curve and broadening market participation are cited as tailwinds
JPMorgan has raised its year-end target for the S&P 500 from 7,800 to 8,000. The bank pointed to solid corporate earnings and growing confidence that AI spending by major tech companies would drive faster revenue growth.
JPMorgan Raises S&P 500 2026 Year-End Forecast to 8,000 From 7,800.
- First Squawk (@FirstSquawk) August 10, 2026
The new target implies about 3.1% upside from the indexโs last close of 7,757.64. At least seven brokerages now expect the benchmark to hit 8,000 by the end of 2026.
The S&P 500 has gained 13.3% so far this year, supported by AI optimism. Uncertainty around the Strait of Hormuz and talks involving Iran, Oman and the United States has continued to put pressure on oil markets and shipping.
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