Morgan Stanley CIO Wilson Calls S&P 500 to 8,300, Says Dips Are Buys

Morgan Stanley’s Chief Investment Officer Mike Wilson is out with a major bull call: the S&P 500 will surge to 8,300 in the next 12 months.

Speaking on the firm’s podcast, Wilson says the first-quarter pullback was not a sign of weakness, but the market pricing in known risks-including private credit stress, AI-driven labor disruption, and a sudden spike in oil prices. He argues that the real danger now is being too cautious.

“We raised our S&P 500 EPS by about 5%,” Wilson said, citing a rolling economic recovery, AI adoption, fiscal support, and a broadening CapEx cycle. He stressed that forward earnings continue rising, the opposite pattern of prior oil-shock downturns.

Despite his 8,300 target, Wilson warns the path will not be linear. He advises investors to use any dip as an entry point, adding: “By the time the evidence feels obvious, the opportunity is usually gone.”