Evercore Sees S&P 500 at 9,000 in 2026 as AI Rally Still Lacks Peak Excesses
Updated
Updated · TradingView · Aug 21
Evercore Sees S&P 500 at 9,000 in 2026 as AI Rally Still Lacks Peak Excesses
2 articles · Updated · TradingView · Aug 21
Summary
9,000 is Evercore ISI's new upside S&P 500 scenario for 2026, implying about 17% gains from current levels; its base-case year-end target remains 7,750.
30% is the probability strategist Julian Emanuel assigns to that upside case, arguing the AI bull market still lacks the recession risk, surging long yields and investor FOMO that usually end major rallies.
1920s and 1990s comparisons underpin the call: Emanuel says the current innovation cycle has not yet matched those bull markets' duration or magnitude, while corporate leverage remains relatively subdued.
AI-sensitive technology, communication services and consumer discretionary stocks would likely lead, though Evercore also highlighted Fubo with an $18 target and SOLV Energy with a $51 target.
Earnings growth, Treasury yields and whether AI spending turns into profits will determine if the rally broadens beyond mega-cap tech or stalls on recession and rate-driven valuation pressure.