---
title: "HSBC resets S&P 500 price target for rest of 2026"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286139145.md"
description: "HSBC Global Investment Research has raised its year-end 2026 target for the S&P 500 to 7,650, citing stronger-than-expected earnings. The firm also increased its earnings estimate for the index by 8%, projecting 20% growth and approximately $325 in per-share profit. Key drivers include technology and chipmakers, while risks such as higher oil prices and a hawkish Federal Reserve stance are noted. HSBC suggests potential for the index to exceed 8,000 if market participation broadens and certain sectors rebound."
datetime: "2026-05-12T17:48:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286139145.md)
  - [en](https://longbridge.com/en/news/286139145.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286139145.md)
---

# HSBC resets S&P 500 price target for rest of 2026

HSBC Global Investment Research on Monday lifted its year-end 2026 target for the S&P 500 to 7,650 from a prior view, saying stronger-than-expected earnings have improved the backdrop for the benchmark index.

HSBC also raised its 2026 S&P 500 earnings estimate by 8%, now calling for 20% growth and about $325 in per-share profit. HSBC said technology, chipmakers and the so-called Mag7 group remain key drivers of the market's gains.

In its note, HSBC said the index's recent run higher has been led by a relatively small group of stocks. HSBC added that many shares still trade below their 52-week highs, which could leave room for more upside if market participation broadens.

HSBC outlined several paths that could push the S&P 500 beyond 8,000, including a renewed re-rating in tech, a rebound in lagging sectors, efficiency gains from artificial intelligence and a softer rate backdrop. HSBC also flagged risks from higher oil prices, weaker tech earnings tied to heavy capital spending and a more hawkish Federal Reserve stance if inflation picks up again.

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