"Official" 2009 Strategist S&P 500 Price Targets

Below we list the 2009 S&P 500 strategist price targets in the final Bloomberg survey of 2008 (on 12/29).  The average 2009 year-end S&P 500 estimate of the 11 sell-side strategists that participated is 1,056, or 16.9% above the S&P's year-end price of 903.25.  UBS strategist David Bianco is the most bullish of the group with a year-end target of 1,300 (a 43.9% gain).  Deutsche Bank's Binky Chadha is the second most bullish with a target of 1,140, followed by Goldman, Strategas, and JP Morgan, who are all looking for a gain of 21.8%.  Only one strategist, Barclays' Barry Knapp, believes the S&P 500 will fall in 2009, but only by 3.2%.

 

The consensus estimate for year-end 2008 was 1,632 at the start of last year, which translated into an expected gain of 11.12%.  Let's hope the strategists are a little closer to the mark this year.

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Comments

[Max]

All but one calling for an up year. That's scary.