Amazon.com IncAMZN
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Impact on stocks 4
Artificial Intelligence
Spatial Computing / AR/VR
Meta Platforms Inc.META
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Market strategist Ed Yardeni of Yardeni Research has raised his 2026 price target on the S&P 500 to 8,400, implying an additional 8% gain from its current level of about 7,756. Yardeni cites fabulous earnings momentum, with second-quarter S&P 500 earnings up more than 50% annually and 76% of reporting companies beating EPS estimates. He also sees upside from a potential end to the Iran war, which would ease oil prices and inflation, and from continued AI investment paying off, as hyperscalers plan to spend over $700 billion on AI infrastructure this year. Yardeni expects 2027 S&P 500 EPS estimates to top $400 by year-end, supporting a target above 8,000.
Meta Platforms Inc.