Fidelity 2026 analyst survey: Confidence, dispersion, and opportunity

Inside Fidelity’s 2026 Analyst Survey 

After several years of macro uncertainty, investor confidence is beginning to recover supported in part by a surge in corporate investment, particularly across artificial intelligence and the infrastructure enabling it. Fidelity’s latest Analyst Survey, drawing on insights from more than 120 analysts and thousands of company interactions, points to a renewed willingness to invest and expand. 

This optimism comes with important caveats. Rising cost pressures, geopolitical uncertainty - heightened by turmoil in the Middle East - and uneven demand are contributing to a more fragmented global economy. While some sectors and regions are benefiting from a powerful investment cycle, others – particularly parts of the consumer economy – continue to face headwinds. 

This collection of insights explores how allocators can position for that dispersion. 

Fidelity’s Analyst Survey 2026 
Discover how Fidelity’s global analyst team is assessing the outlook for growth, inflation, and corporate fundamentals in the year ahead. Drawing on insights from across regions and sectors, the survey highlights where confidence is building and where risks remain. 
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Confidence and a K-shaped economy 
As global growth diverges, a K-shaped recovery is becoming more entrenched. This piece examines how uneven economic momentum is influencing corporate performance and investor positioning, with implications for asset allocation and risk management. 

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Tech is undervalued
Despite strong fundamentals and long-term growth drivers, parts of the technology sector may be mispriced. Fidelity explores the disconnect between market sentiment and earnings potential and what this could mean for investors seeking selective opportunities. 

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Emerging markets: Where diverse stories build resilience
Emerging markets (EMs) are diverging from a single narrative. This paper highlights how structural differences across countries are creating differentiated opportunities, and why diversification within EMs may be key to navigating global uncertainty. 

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