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Economy

Double Digit Returns in ’07?

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
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From Ticker Sense

This week’s issue of Barron’s highlights the 2007 outlook for the stock market based on the observations of Wall Street strategists. Collectively, the group is looking for stocks to rise about 7.4%, which translates to 1,520 on the S&P 500 and 13,220 on the Dow.

We thought it would be interesting to compare the outlooks of Wall Street strategists with the analysts that cover the individual stocks. So using the average analyst price target of each of the Dow components, we calculated where the index would trade if each of those stocks reached its target. We also performed this calculation using only the price targets of the analysts with the best records on the stocks they cover.

According to the results of our calculations, it appears as though the individual analysts are more bullish than their strategist peers. Based on their price targets for individual stocks, analysts are looking for the Dow to rise 8.3% next year, while the analysts with the best record in the past are even more bullish, looking for gains of over 10%.

Dow_jones_price_target

http://tickersense.typepad.com/

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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