Wall Street Strategist Michael Kantrowitz
Michael Kantrowitz
Chief Investment Strategist · Coverage since 2022
AnaChart's record of Michael Kantrowitz's S&P 500 year-end price targets at Piper Sandler covers 5 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: 2022, target 3,400 vs. actual 3,840. Largest miss: 2023, target 3,225 vs. actual 4,770.
Kantrowitz built a defensive reputation, and his closed-year calls bear it out. His 3,400 target for 2022 and 3,225 for 2023 both sat well below where the index finished, the latter the widest gap in his record at 32% under the actual close. His 5,000 call for 2024 again trailed a strong year. The 6,200 figure attached to 2026 implies a steep pullback from current levels. Note that Kantrowitz has signaled he is moving away from publishing a single year-end S&P 500 number, so this may stand as a final point estimate. Every call 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: Michael Kantrowitz'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 | 6,200 | Open | — | Open |
| 2024 | 5,000 | 5,882 | −15.0% | Miss |
| 2023 | 3,225 | 4,770 | −32.4% | Miss |
| 2022 | 3,400 | 3,840 | −11.4% | Miss |
Show 1 more years (2022) Free account · no credit card
Frequently Asked Questions
What is Michael Kantrowitz's S&P 500 target for 2026?
Kantrowitz set a year-end 2026 S&P 500 figure of 6,200 on December 1, 2025. It implies roughly 16.1% downside from the index level near 7,392 in May 2026. He has since indicated he is stepping back from publishing a single year-end point target.
How accurate are Michael Kantrowitz's S&P 500 forecasts?
Across 3 closed forecast years his final target has not landed within ±3% of the actual year-end close, a 0% hit rate. His defensive framework left every call below the index, with the 2023 target 32% under the actual. The year-by-year table above shows each call.
How often does Michael Kantrowitz revise his S&P 500 target?
Roughly once a year. AnaChart records one year-end call per forecast year, with an occasional intra-year update such as the second 2024 revision. He has signaled a shift away from the point-target practice entirely.
Who is Michael Kantrowitz?
Michael Kantrowitz is Chief Investment Strategist at Piper Sandler, where he leads portfolio strategy. AnaChart has tracked his S&P 500 year-end targets since 2022.