Wall Street Strategist Larry Adam
Larry Adam
Chief Investment Officer · Coverage since 2022
AnaChart's record of Larry Adam's S&P 500 year-end price targets at Raymond James covers 7 published targets and revisions across 4 closed forecast years. His final-year hit rate within ±3% of the actual close is 0% — 0 of 4 years. Closest call: 2025, target 6,375 vs. actual 6,846. Largest miss: 2022, target 4,725 vs. actual 3,840.
Adam is Chief Investment Officer at Raymond James, and his tracked S&P 500 calls show a strategist who leans cautious. None of his four closed years has landed inside the 3% band, and the misses have run mostly below the eventual close as the market kept climbing. The closest call was 2025, a 6,375 target 6.9% under the actual close. The widest gap was 2022, a 4,725 call that finished 23% above a 3,840 close. His 2026 target of 7,250, revised on December 1, 2025, sits just below the index level in May 2026 and rests on an expected 12% rise in earnings. 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: Larry Adam'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 | 7,250 | Open | — | Open |
| 2025 | 6,375 | 6,846 | −6.9% | Miss |
| 2024 | 5,200 | 5,882 | −11.6% | Miss |
| 2023 | 4,400 | 4,770 | −7.8% | Miss |
| 2022 | 4,725 | 3,840 | +23.1% | Miss |
Show 1 more years (2022) Free account · no credit card
Frequently Asked Questions
What is Larry Adam's S&P 500 target for 2026?
Adam's year-end 2026 S&P 500 target is 7,250, revised on December 1, 2025. It sits about 1.9% below the index level near 7,392 in May 2026 and rests on an expected 12% rise in S&P 500 earnings.
How accurate are Larry Adam's S&P 500 forecasts?
Across his 4 closed forecast years, none of his final-year targets has landed within ±3% of the actual close, a 0% hit rate on the strict band. The closest was 2025 at 6.9% off. The year-by-year table above shows every call.
How often does Larry Adam revise his S&P 500 target?
About once every 35 weeks on average, with most years carrying one or two calls. Every dot on the chart marks one of those revisions; hover any dot to see the date and target level.
Who is Larry Adam?
Larry Adam is Chief Investment Officer at Raymond James, where he sets the firm's S&P 500 year-end view and investment strategy. AnaChart has tracked his forecasts since 2022.