Wall Street Strategist David Lefkowitz
David Lefkowitz
Head of US Equities, UBS Global Wealth Management · Coverage since 2022
AnaChart's record of David Lefkowitz's S&P 500 year-end price targets at UBS covers 15 published targets and revisions across 4 closed forecast years. His final-year hit rate within ±3% of the actual close is 25% — 1 of 4 years. Closest call: 2022, target 3,900 vs. actual 3,840. Largest miss: 2023, target 3,900 vs. actual 4,770.
Lefkowitz runs the US equities desk inside UBS Global Wealth Management, and his AnaChart record is short but unusually active. He revises more often than most strategists in this group, working through seven separate moves in 2025 alone as a 6,600 stance trailed an index that closed near 6,846. His one clean hit came in his first tracked year, 2022, when a 3,900 target finished 1.6% above a 3,840 close. The same 3,900 level became his widest miss in 2023, left well behind a 4,770 finish as the market rallied. His 2026 target of 7,500 sits near the consensus middle. Every revision 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: David Lefkowitz'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 | 7,500 | Open | — | Open |
| 2025 | 6,600 | 6,846 | −3.6% | Miss |
| 2024 | 5,500 | 5,882 | −6.5% | Miss |
| 2023 | 3,900 | 4,770 | −18.2% | Miss |
| 2022 | 3,900 | 3,840 | +1.6% | Hit |
Show 2 more years (2022–2023) Free account · no credit card
Frequently Asked Questions
What is David Lefkowitz's S&P 500 target for 2026?
Lefkowitz set UBS Global Wealth Management's year-end 2026 S&P 500 target of 7,500 on April 7, 2026. It implies roughly 1.5% upside from the index level near 7,392 in May 2026.
How accurate are David Lefkowitz's S&P 500 forecasts?
His final target for the year has landed within ±3% of the actual close in 1 of 4 closed forecast years, a 25% hit rate. His one hit was 2022, when a 3,900 call finished 1.6% above the close. The year-by-year table above shows every call.
How often does David Lefkowitz revise his S&P 500 target?
About once every 14 weeks on average, the most active revision cadence in this group. The year 2025 alone saw seven separate revisions as the rally extended. Each point on the chart marks one revision.
Who is David Lefkowitz?
David Lefkowitz is Head of US Equities at UBS Global Wealth Management, where he sets the firm's S&P 500 year-end target for wealth-management clients. AnaChart has tracked his forecasts since 2022.