Wall Street Strategist Manish Kabra
SOCIETE GENERALE
Manish Kabra
Head of US Equity Strategy · Coverage since 2023
AnaChart's record of Manish Kabra's S&P 500 year-end price targets at Societe Generale covers 6 published targets and revisions across 3 closed forecast years. His final-year hit rate within ±3% of the actual close is 0% — 0 of 3 years. Closest call: 2024, target 5,500 vs. actual 5,882. Largest miss: 2023, target 3,800 vs. actual 4,770.
Kabra leads US equity strategy at Societe Generale, and his early record was defined by deeply cautious targets. His 2023 call of 3,800 trailed a 4,770 close by more than 20%, the widest miss in his tracked history. He held a 5,500 target through both 2024 and 2025; that call missed by 6% in 2024 and by nearly 20% in 2025 as the rally extended. His 2026 target of 7,300, set on November 26, 2025, marks a sharp move higher and reflects SocGen's view that the bull run is not over. 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: Manish Kabra'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 | 7,300 | Open | — | Open |
| 2025 | 5,500 | 6,846 | −19.7% | Miss |
| 2024 | 5,500 | 5,882 | −6.5% | Miss |
| 2023 | 3,800 | 4,770 | −20.3% | Miss |
Show 1 more years (2023) Free account · no credit card
Frequently Asked Questions
What is Manish Kabra's S&P 500 target for 2026?
Kabra's year-end 2026 S&P 500 target is 7,300, set on November 26, 2025. It implies roughly 1.2% downside from the index level near 7,392 in May 2026 and marks a sharp upward move from his earlier cautious targets.
How accurate are Manish Kabra's S&P 500 forecasts?
Across 3 closed forecast years, none of his final targets landed within ±3% of the actual close, a 0% hit rate. His targets were consistently cautious, with the 2023 and 2025 calls missing strong markets by roughly 20%. The year-by-year table above shows every call.
How often does Manish Kabra revise his S&P 500 target?
About once every 30 weeks on average. He has at times held a single target across more than one calendar year, as he did with the 5,500 call that spanned 2024 and 2025.
Who is Manish Kabra?
Manish Kabra is Head of US Equity Strategy at Societe Generale, where he sets the firm's S&P 500 year-end target. AnaChart has tracked his forecasts since 2023.