Wall Street Strategist Lori Calvasina
Lori Calvasina
Head of US Equity Strategy · Coverage since 2016
AnaChart's record of Lori Calvasina's S&P 500 year-end price targets at RBC Capital Markets covers 26 published targets and revisions across 10 closed forecast years. Her final-year hit rate within ±3% of the actual close is 10% — 1 of 10 years. Closest call: 2022, target 3,800 vs. actual 3,840. Largest miss: 2020, target 2,750 vs. actual 3,756.
Calvasina revises more often than most strategists in this group, and her 2025 coverage shows it. She moved her target six separate times that year, working a 6,350 stance against an index that climbed past it to close near 6,846. Her one clean hit came in 2022, when she cut a higher call in stages down to 3,800 by October, finishing just 1.0% below a 3,840 close. The 2020 pandemic year was her widest miss, a 2,750 target left far behind a 3,756 recovery. Her 2026 call of 7,750 sits among the more bullish 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: Lori Calvasina'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 | 6,350 | 6,846 | −7.2% | Miss |
| 2024 | 5,500 | 5,882 | −6.5% | Miss |
| 2023 | 4,250 | 4,770 | −10.9% | Miss |
| 2022 | 3,800 | 3,840 | −1.0% | Hit |
| 2021 | 4,325 | 4,766 | −9.3% | Miss |
| 2020 | 2,750 | 3,756 | −26.8% | Miss |
| 2019 | 3,000 | 3,231 | −7.1% | Miss |
| 2018 | 3,000 | 2,507 | +19.7% | Miss |
| 2017 | 2,300 | 2,674 | −14.0% | Miss |
| 2016 | 2,150 | 2,239 | −4.0% | Miss |
Show 8 more years (2016–2023) Free account · no credit card
Frequently Asked Questions
What is Lori Calvasina's S&P 500 target for 2026?
Calvasina set RBC Capital Markets' year-end 2026 S&P 500 target of 7,750 in December 2025. It implies roughly 4.8% upside from the index level near 7,392 in May 2026.
How accurate are Lori Calvasina's S&P 500 forecasts?
Her final target for the year has landed within ±3% of the actual close in 1 of 10 closed forecast years, a 10% hit rate. Her one clean hit came in 2022, when a 3,800 call finished 1.0% below a 3,840 close. The year-by-year table above shows every call.
How often does Lori Calvasina revise her S&P 500 target?
About once every 20 weeks on average, one of the more active revision cadences on the Street. Turning-point years such as 2025 saw six separate revisions. Each point on the chart marks one revision.
Who is Lori Calvasina?
Lori Calvasina is Head of US Equity Strategy at RBC Capital Markets, which she joined in 2017, and she sets the firm's S&P 500 year-end target. AnaChart has tracked her forecasts since 2016.