HSBC Raises 2026 S&P 500 Year-End Target to 7,650 from 7,500 on Higher EPS Forecast

According to HSBC Research, the bank raised its 2026 S&P 500 year-end target to 7,650 from 7,500 on May 12, citing robust earnings recovery and strength in technology stocks. HSBC increased its 2026 earnings-per-share forecast by 8% to $325, now projecting 20% EPS growth for the year, with tech and the "Magnificent Seven" stocks remaining key drivers.
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