AI Euphoria to Fuel 20% S&P Rally by End-2026, Evercore ISI Says

The S&P 500 is forecast to reach 7,750 points by the end of next year, with “a technological revolution lifting stocks, multiples and society to new heights,” Evercore ISI chief equity and quantitative strategist Julian Emanuel wrote in a note. Emanuel’s 2026 target is the highest on the Street so far, according to data compiled by Bloomberg. The strategists wrote that the impact of AI means earnings have been defying expectations.