The year 2026 has faced many challenges in the economy and the stock market alike. It seems amazing that the current bull market has managed to keep on charging ahead. What may be even more amazing is that Wall Street is continuing to look for gains heading toward 2027. And, perhaps, the most amazing point to this bull market is that Wall Street still sees the largest mega-caps with multi-trillion-dollar valuations leading that charge ahead.
When is enough really enough? Or is the even “enough” to go around?
The top 8 stocks of the S&P 500 (Alphabet not double-counted for $GOOGL/$GOOG) account for roughly 37% of the entire weighting S&P500 Index, or 40% if you double-count Alphabet. Wall Street’s consensus analyst price targets on each of the top eight stocks are almost unanimously higher than the current share prices of these behemoths. The end result — Wall Street is still forecasting that the major stocks will carry the S&P 500 higher looking to the end of 2026 and into 2027.
The recent Oggonomics outlook titled “Will Cowardly Investors Miss the Rest of the 2026 Bull Market?” may sound like a calling card to just remain bullish. One key caveat is that it’s only one side of the coin. That said, Oggonomics has one key mantra about the stock market and investing — Always a bull, you’re a fool! Always a bear, you’re broke!
There are always reasons to be concerned. The economy can falter. Growth can face many concerns. Valuations seem to always be high. Inflation can remain a problem. Geopolitics can interrupt even the best investing plans. And do we dare forget about the never-ending infighting in the U.S. political game?
Now let’s consider just how much the stocks are currently up year-to-date and versus a year ago. The S&P 500 is up 11% so far in 2026 and up 25% from a year ago. The NASDAQ-100 is up 21% so far in 2026, and it is up a whopping 40% from a year ago. The same top 8 stocks of the S&P 500 also account for about 40% of the NASDAQ-100.
Should investors continue to worry that so much of “the market” is now heavily dominated by so few stocks? That has become a rhetorical issue over time because they giants just seem to keep getting larger. And if Wall Street is correct, that may look even more exaggerated heading toward 2027.
Be advised that consensus analyst price targets vary from nearly every major source and may be updated in different intervals. To smooth this out, consensus analyst price targets have been averaged out using both Finviz and Yahoo!Finance.
So, just what exactly is Wall Street’s current outlook on the major stocks? Here goes.
NVIDIA Corporation ($NVDA) currently $220
Consensus Analyst Price Target: $309/$298
Est. Gain to Consensus: 38%
S&P 500 Weighting: 7.89%
1-Year Performance: 55%
YTD Performance: 18%
Apple Inc. ($AAPL) currently $312
Consensus Analyst Price Target: $316/$310
Est. Gain to Consensus: 0.3%
S&P 500 Weighting: 7.05%
1-Year Performance: 53%
YTD Performance: 14%
Microsoft Corporation ($MSFT) currently $429
Consensus Analyst Price Target: $559/561
Est. Gain to Consensus: 30%
S&P 500 Weighting: 5.14%
1-Year Performance: -7%
YTD Performance: -11%
Amazon.com, Inc. ($AMZN) currently $254
Consensus Analyst Price Target: $317/$312
Est. Gain to Consensus: 23%
S&P 500 Weighting: 4.07%
1-Year Performance: 22%
YTD Performance: 10%
Alphabet Inc. ($GOOGL) currently $373
Consensus Analyst Price Target: $433/$430
Est. Gain to Consensus: 15%
S&P 500 Weighting: 3.41%
1-Year Performance: 121%
YTD Performance: 19%
Broadcom Inc. ($AVGO) currently $420*
Consensus Analyst Price Target: $505/$486
Est. Gain to Consensus: 18%
S&P 500 Weighting: 3.26%
1-Year Performance: 62%
YTD Performance: 22%
*Avago was most recently down 13%, so the consensus analyst price targets and relative performance may look very different over the coming days.
Meta Platforms, Inc. ($META) currently $626
Consensus Analyst Price Target: $822/$828
Est. Gain to Consensus: 32%
S&P 500 Weighting: 2.13%
1-Year Performance: -9%
YTD Performance: -5%
Tesla, Inc. ($TSLA) currently $420
*Consensus Analyst Price Target: $395/$412
Est. Gain to Consensus: -4%
S&P 500 Weighting: 1.88%
1-Year Performance: 26%
YTD Performance: -6%
*Tesla has the widest analyst price targets of all major stocks, with some analysts having ratings of Sell/Underperform and legacy price targets still under $150.
