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CNBC Market Strategist Survey

Traders work on the floor of the New York Stock Exchange.
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Traders work on the floor of the New York Stock Exchange.

The CNBC Market Strategist Survey is an exclusive roundup of year-end targets for the S&P 500 from top Wall Street strategists, updated quarterly, or whenever there is a material change to the forecasts.

Here are the current 2018 targets from top strategists.

Updated: September 5, 2018.

Firm
Strategist
2018 S&P Target
2018 EPS Estimate
Implied P/E
Morgan Stanley* Mike Wilson 2,750 $162 16.98
Goldman Sachs David Kostin 2,850 $150 19
Credit Suisse Jonathan Golub 3,000 $161.50 18.58
Deutsche Bank Binky Chadha 3,000 $162 18.52
Bank of America Merrill Lynch Savita Subramanian 3,000 $153 19.61
Citigroup Tobias Levkovich 2,800 $153 18.3
UBS Keith Parker 3,150 $157 20.06
BMO Brian Belski 2,950 $158 18.67
JPMorgan Chase Dubravko Lakos-Bujas 3,000 $153 19.61
Oppenheimer John Stoltzfus 3,000 $146 20.55
Fundstrat Global Advisors Thomas Lee 3,025 $147 20.58
Wells Fargo Investment Institute Scott Wren 2,850 $152 18.75
CFRA* Sam Stovall 3,000 $156.20 19.21
BNY Mellon Wealth Management Jeff Mortimer 2,850 $152.50 18.69
Canaccord Genuity Tony Dwyer 3,200 $160 20
RBC Capital Markets Lori Calvasina 2,890 $151 19.14
BTIG Julian Emanuel 3,000 $150 20
Bernstein Noah Weisberger 3,000 $160 18.75
Barclays Maneesh Deshpande 3,000 $162.6 18.45

*12-month target

Maximum target: 3,200 points — Tony Dwyer, Canaccord Genuity

Minimum target: 2,750 points — Mike Wilson, Morgan Stanley

Median target: 3,000 points

Average target: 2,964 points

Here are the latest 2017 year-end targets:

Updated: December 4, 2017.

Firm
Strategist
2017 S&P Target
2017 EPS Estimate
Implied P/E
Morgan Stanley Mike Wilson 2750* $131 20.99
Goldman Sachs David Kostin 2579 $131 19.69
Credit Suisse Jonathan Golub 2,550 $130 19.62
Deutsche Bank Binky Chadha 2,600 $131 19.85
Bank of America Merrill Lynch Savita Subramanian 2,450 $131 18.99
Citigroup Tobias Levkovich 2,475 $131 18.89
UBS Keith Parker 2,625 $130 20.15
BMO Brian Belski 2,600 $134 19.4
JPMorgan Chase Dubravko Lakos-Bujas 2,550 $132 19.32
Oppenheimer John Stoltzfus 2650 $129 20.54
RBC -- -- -- --
Fundstrat Global Advisors Thomas Lee 2,475 $128 19.41
Wells Fargo Investment Institute Scott Wren 2300 - 2400 $129.00 17.83 to 18.60
CFRA Sam Stovall 2,640* $130.35 20.25
BNY Mellon Wealth Management Leo Grohowski/Jeff Mortimer 2,600 $132.50 19.62
Canaccord Genuity Tony Dwyer 2,510 $132 19.02

*12-month target

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