Wall Street Strategist Binky Chadha
Binky Chadha
Chief US Equity & Global Strategist · Coverage since 2011
AnaChart's record of Binky Chadha's S&P 500 year-end price targets at Deutsche Bank covers 23 published targets and revisions across 13 closed forecast years. His final-year hit rate within ±3% of the actual close is 15% — 2 of 13 years. Closest call: 2024, target 5,750 vs. actual 5,882. Largest miss: 2022, target 4,750 vs. actual 3,840.
Chadha revises less often than most of the group, roughly once every eight months, but his 2025 path was unusually active. He opened at 7,000, cut to 6,150 in April during the tariff selloff, then climbed back through 6,550 in June to 7,000 in September; the index closed the year at 6,846. The 2024 sequence was steadier, a 5,100 call lifted to 5,500 in May and 5,750 in September. His 2026 target of 8,000 ranks among the most bullish on the Street. Every move is plotted on the chart below.
S&P 500 Year-End Targets — Full History
Gray line: S&P 500 end-of-day closing price. Blue line: Binky Chadha's published S&P 500 price targets, each plotted at issuance date.
Year-by-Year Forecast Performance
| Year | Final Target | Year-End Actual | % Off | Result |
|---|---|---|---|---|
| 2026 | 8,000 | Open | — | Open |
| 2025 | 7,000 | 6,846 | +2.3% | Hit |
| 2024 | 5,750 | 5,882 | −2.2% | Hit |
| 2023 | 4,500 | 4,770 | −5.7% | Miss |
| 2022 | 4,750 | 3,840 | +23.7% | Miss |
| 2021 | 4,100 | 4,766 | −14.0% | Miss |
| 2020 | 3,250 | 3,756 | −13.5% | Miss |
| 2019 | 3,000 | 3,231 | −7.1% | Miss |
| 2018 | 2,850 | 2,507 | +13.7% | Miss |
| 2017 | 2,450 | 2,674 | −8.4% | Miss |
| 2016 | 2,100 | 2,239 | −6.2% | Miss |
| 2015 | 2,150 | 2,044 | +5.2% | Miss |
| 2012 | 1,500 | 1,426 | +5.2% | Miss |
| 2011 | 1,550 | 1,258 | +23.3% | Miss |
Show 11 more years (2011–2023) Free account · no credit card
Frequently Asked Questions
What is Binky Chadha's S&P 500 target for 2026?
Chadha's year-end 2026 S&P 500 target is 8,000, set on December 1, 2025. It ranks among the most bullish on Wall Street and implies roughly 8% upside from the index level near 7,392 in May 2026.
How accurate are Binky Chadha's S&P 500 forecasts?
His final target has landed within ±3% of the actual close in 2 of 13 closed forecast years, a 15% hit rate, with both on-target years coming recently in 2024 and 2025. The year-by-year table above shows every call.
How often does Binky Chadha revise his S&P 500 target?
About once every 36 weeks on average, the least frequent cadence in this group. He tends to set a target and hold it, revising mainly when the market moves sharply, as it did in 2025.
Who is Binky Chadha?
Binky Chadha is Chief US Equity and Global Strategist at Deutsche Bank, where he sets the firm's S&P 500 year-end target. AnaChart has tracked his forecasts since 2011.