LIVE MARKETS-Oppenheimer sets 8,100 target for S&P 500

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OPPENHEIMER SETS 8,100 TARGET FOR S&P 500

Oppenheimer Asset Management expects to continue to see strong stocks gains next year, with the S&P 500 likely to rise to 8,100, John Stoltzfus, chief investment strategist at the firm said in a report.

The positive outlook is based on factors including “persistent resilience evidenced in US economic data” and corporate results beating expectations most of this year. “This, in our view, augurs for further improvement in corporate results in 2026.”

Oppenheimer further expects the Federal Reserve to maintain its independence through the leadership change expected in May, and sees at least one or two rate cuts next year if inflation remains contained, in addition to a cut this week.

The 8,100 target assumes an earnings projection of $305 per share for the S&P 500 and a projected forward P/E multiple of 26.5 times. It would be a 14.1% gain on the firm’s 2025 year-end target of 7,100 target. The index .SPX was at 6,840 on Monday.

(Karen Brettell)

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