The S&P 500 Is Following Earnings Higher—Perhaps a Lot Higher

Ed Yardeni, founder and CEO at Yardeni Research, lifted his year-end price target for the S&P 500 by just over 7%, taking it to 8250 from 7700, a level that suggests gains of more than 11. 5% from the benchmark’s close Friday of 7398.

Yardeni also thinks the benchmark will hit 10,000 by the end of 2029, adding in a note published Sunday that such an elevated reading might “arrive ahead of schedule” in the new market paradigm.