JPMorgan strategists have revised their year-end 2026 target for the S&P 500 index, increasing it from 7,200 to 7,600. According to NS3.AI, the team also updated its earnings per share (EPS) forecast for 2026 to $330, up from $315, and adjusted the 2027 estimate to $385 from $355, while maintaining the forward multiple at 22 times.
Dubravko Lakos-Bujas, a key strategist at JPMorgan, indicated that a swift resolution of U.S.-Iran tensions could potentially elevate the target to approximately 8,000. However, the team cautioned that high oil prices and ongoing geopolitical risks might lead to a short-term consolidation phase for the market.