Below we highlight consensus analyst price targets for the 30 stocks that make up the Dow Jones Industrial Average. As shown, Alcoa's price target is currently the highest above its actual price at 52%. AA is trailed by HPQ and INTC with price targets 40% above current levels. General Motors is the only stock in the index with a price target that is lower than its actual price. With the record of analysts these days, price targets should be taken with a grain of salt, but we thought readers might be interested in seeing where analysts currently stand.
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Nice info but it would have been nicer if you would have given each target price its DJIA proportion and calculated what the resultant DJIA target then was.
Posted by: Norman | November 04, 2008 at 04:52 PM
Thanks for assembling these consensus price targets. I plugged the targets into a spreadsheet and got an implied DJIA of 11,440.
That's about 25.2% above today's close (which was around 9,140), and about 18.3% below the Dow's all-time high. So it seems reasonable, but optimistic.
F.Y.I., I used a Dow divisor of 0.123017848.
Posted by: Paul Teetor | November 05, 2008 at 04:08 PM