Prediction is based on Wall Street’s targets for the Dow’s 30 components
by Victor Reklaitis
Get your “Dow 20K” hat ready now?
The Dow Jones Industrial Average will trade above 20,000 in a year, according to a bottom-up analysis of the blue-chip gauge’s stocks.
Howard Silverblatt, senior index analyst at S&P Dow Jones Indices, has been tracking the company-level predictions submitted by Wall Street analysts for the Dow’s 30 components.
Lumping together their average price targets for these companies and then weighting them appropriately, he says the “consensus 1-year target price” for the Dow industrials just reached 20,003.93 late Tuesday.