Jefferies expects the S&P 500 to climb to 9,000 by the end of 2027, a forecast built on sharply rising corporate earnings rather than further valuation expansion. For 2026, the bank sees the index ending at 8,000, supported by earnings per share of $373 and a 21.5-times price-to-earnings multiple. The bigger move comes in 2027, when Jefferies expects S&P 500 earnings to rise to $450 per share, enough to support the 9,000 target even if the valuation multiple falls to 20 times earnings. The bank expects earnings growth of 35% in 2026, above the broader consensus estimate of 29%, which has already strengthened from roughly 13% growth at the start of the year. Jefferies estimates companies with direct or indirect exposure to AI and data-center spending now represent about 46% of the S&P 500, and projects Magnificent Seven companies will deliver roughly 45% earnings growth in 2026 while the rest of the index posts around 24% growth, making the rally less dependent on a handful of technology giants.
Jefferies Financial Group IncJefferies itself issues the bullish S&P 500 target of 9,000 by 2027, a positive analyst/valuation call on its own research franchise.
Meta Platforms Inc.Article notes Magnificent Seven companies are projected to deliver roughly 45% earnings growth in 2026, with Meta among that group.
