2011 Year-End Price Targets

As the end of the year approaches, the 2011 predictions start rolling out.  Bloomberg has begun surveying Wall Street strategists for their 2011 year-end S&P 500 price targets.  Not all strategists have provided their targets yet, but below we highlight the ones that have along with 2010 price targets as well.  At the start of 2010, the consensus year-end price target for the S&P 500 was 1,224.62.  That was an expected gain of 9.82%, and at the moment the year-to-date change of the index is about 5% (meaning the target versus actual is 3.8 percentage points).  Highlighted in blue below are the strategists whose year-end 2010 price targets are the closest to where the S&P 500 is currently trading.

Right now, the average 2011 year-end S&P 500 price target is 1,336.67.  This is based on estimates from 6 strategists, and it would be a gain of about 13% from the index's current level.  Deutsche Bank has the highest year end price target at 1,550 (it also had the highest 2010 target).  Bank of America is the 2nd most bullish at 1,350, followed by HSBC (1,320), Oppenheimer and Citigroup (both at 1,300), and Credit Suisse (1,200).  As is usually the case, none of the strategists are expecting the index to be lower than it is now at the end of 2011.