From Ticker Sense
Bloomberg surveys a number of equity analysts on a weekly basis for their S&P 500 price forecasts. Below is a list of their most recent 2007 year-end price forecasts for the S&P 500 (actual firm names are not listed). Based on the average forecast for 2007, the Index is expected to rise 7.79% from the current price.
We’ve also included what the analysts’ calls were for year-end 2006 and how close they came to getting it right (based on current price levels). While the consensus for 2006 was an expected gain nearly 5% lower than where the S&P 500 currently stands, 6 analysts made calls within 2% of the actual 1425 level. We have highlighted these in green and also show that they are all expecting further gains for the Index in 2007.
For much more info on the expectations for the coming year, check out our Global Outlook 2007.