Citi sets 2026 S&P 500 target at 7,700, expects AI to remain key theme

Citigroup has set a year-end target of 7,700 for the S&P 500 index for 2026, pointing to robust corporate ​earnings and sustained tailwinds from artificial intelligence investments. "While the AI emphasis is expected to be persistent, the evolution will likely follow a perceived winner ⁠versus loser dynamic," strategists at ‌Citi said. Citi's target implies a 12.7% gain from the benchmark's last close of 6827.41 points.