Thursday, August 11, 2016

Dow 20,000?

Are we 12 months away from Dow 20,000? We're headed there exactly a year from now, according to the company-level prediction  submitted by Wall Street analysts for the Dow Jones Industrial Average’s 30 components.

Lumping together their average price targets for these companies and then weighting them appropriately, S&P Dow Jones Indices says the “consensus 1-year target price” for the Dow industrials  just reached 20,004 late Tuesday. That means that on next August 9, the consensus expectation is for the Dow to reach that price.

The Dow’s consensus one-year price target previously reached that big round number back on July 28, 2015. But that target didn’t pan out, as the Dow actually closed at 18,456 on July 28 of this year.

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