Citi Maintains S&P 500 Price Target at 7,700 Amid Rising Market Headwinds
Key Takeaways Citi maintains its S&P 500 year-end projection at 7,700 amid mounting uncertainties The firm’s baseline forecast relies on $320 earnings per share for 2026, now viewed as modest Escalating Iran tensions present the nearest-term challenge to market stability Additional concerns include AI-driven disruption, private credit vulnerabilities, and tariff policies The S&P 500 has declined roughly 6.7% this year, currently hovering around 6,417 Despite an expanding array of headwinds threatening what Citi characterizes as a balanced economic environment, the financial institution is maintaining its S&P 500 year-end projection of 7,700. [[IMG_0]] S&P 500 INDEX (^SPX) This forecast hinges on anticipated per-share earnings of $320 for 2026. While this figure appeared optimistic when initially published, Citi now views it as modest following a robust fourth-quarter earnings cycle that pushed 2025 full-year earnings to approximately $276. Street consensus u...