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The strategist has lifted his year-end target three times in 2026, but says he would not chase AI stocks right now
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Ed Yardeni, widely described as one of Wall Street's most bullish strategists, has raised his year-end S&P 500 target to 8,400 — his third upward revision this year — while cautioning investors against jumping into artificial intelligence stocks at current levels.
The strategist told MarketWatch that he started 2026 with a target of 7,700, moved it to 8,250, and has now pushed it to 8,400. Despite the repeated increases, he said he still does not consider himself bullish enough, and noted that a number of sell-side analysts hold more optimistic views than he does.
