Ed Yardeni, president and chief investment strategist of Yardeni Research, raised the target level of the S&P 500 index to 8,400 points after the company's profit performance was “outstanding”, setting the highest level on Wall Street. His previous target of 8,250 points is already the highest in the industry. Yardeni kept the S&P 500 target of reaching 10,000 points in 2029 unchanged. At the same time, he raised the S&P 500 earnings forecast per share, raising the 2026 forecast from 330 US dollars to 375 US dollars, and from 375 US dollars to 415 US dollars in 2027. Yardeni wrote, “We believe that any pullback, or even a sharp drop, would be a buying opportunity, and would not trigger a recession or bear market similar to the 1999-2000 tech bubble and its bursting.” “We still believe there is a 20% chance of a recession and triggering a bear market,” he said.

Ed Yardeni, president and chief investment strategist of Yardeni Research, raised the target level of the S&P 500 index to 8,400 points after the company's profit performance was “outstanding”, setting the highest level on Wall Street. His previous target of 8,250 points is already the highest in the industry. Yardeni kept the S&P 500 target of reaching 10,000 points in 2029 unchanged. At the same time, he raised the S&P 500 earnings forecast per share, raising the 2026 forecast from 330 US dollars to 375 US dollars, and from 375 US dollars to 415 US dollars in 2027. Yardeni wrote, “We believe that any pullback, or even a sharp drop, would be a buying opportunity, and would not trigger a recession or bear market similar to the 1999-2000 tech bubble and its bursting.” “We still believe there is a 20% chance of a recession and triggering a bear market,” he said.