Wall Street Strategist Julian Emanuel
Julian Emanuel
Senior Managing Director, Equity & Quantitative Strategy · Coverage since 2014
AnaChart's record of Julian Emanuel's S&P 500 year-end price targets at Evercore ISI covers 18 published targets and revisions across 11 closed forecast years. His final-year hit rate within ±3% of the actual close is 18% — 2 of 11 years. Closest call: 2024, target 6,000 vs. actual 5,882. Largest miss: 2023, target 3,975 vs. actual 4,770.
Emanuel has carried his strategy role across two firms, with AnaChart's coverage running from his earlier UBS work through to Evercore ISI. His record includes two clean hits. The closest was 2024, when a 6,000 target finished 2.0% above the actual close after two revisions. The reverse showed in 2022, when a 3,975 call landed 3.5% above a 3,840 finish, just outside the hit band. His widest miss came in 2023, when that same 3,975 stance was left well below a 4,770 close as the market rallied. His 2026 target of 7,750 marks one of the more bullish base cases on the Street. 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: Julian Emanuel'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 | 7,750 | Open | — | Open |
| 2025 | 6,250 | 6,846 | −8.7% | Miss |
| 2024 | 6,000 | 5,882 | +2.0% | Hit |
| 2023 | 3,975 | 4,770 | −16.7% | Miss |
| 2022 | 3,975 | 3,840 | +3.5% | Miss |
| 2021 | 4,100 | 4,766 | −14.0% | Miss |
| 2020 | 3,450 | 3,756 | −8.2% | Miss |
| 2019 | 3,000 | 3,231 | −7.1% | Miss |
| 2017 | 2,300 | 2,674 | −14.0% | Miss |
| 2016 | 2,175 | 2,239 | −2.9% | Hit |
| 2015 | 2,225 | 2,044 | +8.9% | Miss |
| 2014 | 1,950 | 2,059 | −5.3% | Miss |
Show 8 more years (2014–2023) Free account · no credit card
Frequently Asked Questions
What is Julian Emanuel's S&P 500 target for 2026?
Emanuel set Evercore ISI's year-end 2026 S&P 500 target of 7,750 on September 2, 2025. It implies roughly 4.8% upside from the index level near 7,392 in May 2026.
How accurate are Julian Emanuel's S&P 500 forecasts?
His final target for the year has landed within ±3% of the actual close in 2 of 11 closed forecast years, an 18% hit rate. His closest call was 2024, finishing 2.0% above the close. His widest miss was 2023, when a 3,975 target sat well below a 4,770 finish. The year-by-year table above shows every call.
How often does Julian Emanuel revise his S&P 500 target?
About once every 35 weeks on average. Calm years see a single call; busier years such as 2025 saw four separate revisions. Each point on the chart marks one revision.
Who is Julian Emanuel?
Julian Emanuel is a Senior Managing Director at Evercore ISI, where he leads the Equity, Derivatives and Quantitative Strategy team and sets the firm's S&P 500 year-end target. AnaChart has tracked his forecasts since 2014.