Citigroup set the 2026 S&P 500 year-end target point at 7700 points, based on strong corporate profit performance and the continued benefits brought by investment in artificial intelligence. The brokerage firm pointed out in a report released on Friday that it is expected that artificial intelligence infrastructure construction will become the core theme in 2026. This view is consistent with those of its Wall Street peers; however, Citi also predicted that the market focus will shift from AI technology-enabled companies to technology application companies. A Citibank strategist said, “Although the popularity of artificial intelligence is expected to continue, the evolution of the market pattern may show a clear trend of 'winners and losers'.” Based on the target points given by Citi, the index will rise 12.7% from the latest closing point of 6827.41 points. Citi expects earnings per share of S&P 500 companies to reach $320 per share by the end of next year, higher than the market's general expectation of around $310.

Citigroup set the 2026 S&P 500 year-end target point at 7700 points, based on strong corporate profit performance and the continued benefits brought by investment in artificial intelligence. The brokerage firm pointed out in a report released on Friday that it is expected that artificial intelligence infrastructure construction will become the core theme in 2026. This view is consistent with those of its Wall Street peers; however, Citi also predicted that the market focus will shift from AI technology-enabled companies to technology application companies. A Citibank strategist said, “Although the popularity of artificial intelligence is expected to continue, the evolution of the market pattern may show a clear trend of 'winners and losers'.” Based on the target points given by Citi, the index will rise 12.7% from the latest closing point of 6827.41 points. Citi expects earnings per share of S&P 500 companies to reach $320 per share by the end of next year, higher than the market's general expectation of around $310.