S&P 500 Could Reach 8,000 to 8,492 Levels by 2027 Driven by Tech Earnings, Analyst Says

US500-0.26%
According to Adam Parker, founder of Tribeverate Research, speaking to CNBC on July 7, the S&P 500 index could exceed 8,000 driven by continued earnings growth in technology stocks. Parker projected that with consensus 2027 S&P 500 earnings per share (EPS) of $401 and a forward price-to-earnings ratio of 20x, the index could rise to 8,020; applying a 22x forward PE to Tribeverate's forecast of $386 EPS would push it to 8,492. Parker also predicted that Micron Technologies could reach $1,500 to $1,600 per share, supported by structural artificial intelligence demand for high-bandwidth memory. Micron shares have surged approximately 220% year-to-date and over 650% in the past 12 months.
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