Evercore’s Emanuel sees path for S&P 500 to reach 9,000 in bullish AI-driven scenario

Evercore ISI strategist Julian Emanuel has established a year-end 2026 base-case target of 7,750 for the S&P 500, while also assigning a 30% probability to a bullish scenario in which the index climbs to 9,000, fueled by artificial intelligence-driven strength in technology, communication services and consumer discretionary sectors. In a client note released Monday, Emanuel said the combination of a long-term technology-led bull market and major geopolitical shifts is creating a much broader ran