After last week's horrendous start to the year, Dow 15,000 certainly doesn't roll off of the tongue as easily as it did one week ago. If analyst price targets are in the ballpark though, the Dow should rise by 19% from current levels, putting Dow 15,000 within reach by the end of the year. Below we highlight the percentage difference between the current price of each of the Dow's thirty stocks versus the average analyst price target for each stock. Based on these results, GM is forecast to have the biggest gain with a rise of nearly 50% from current levels, while KO is expected to rise only 4.6% from its current price.
We have often pointed out that analyst price targets should be taken with a grain of salt. For what its worth though, we would note that at the start of '07, we did a similar analysis and came up with a price target of just over 13,300, and the Dow finished the year at 13,264.8.