S&P 500 2007 Price Forecasts

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.

 

Comments

[charts]

while i don't see any wild wild calls in this chart, i do see capitulation of the bears. every single analyst that called for a lower market in 06 is now calling for a higher finish in 07. i guess the analysts can't risk their reputation on two consecutive bearish calls that fizzle.

[Bill a.k.a. NO DooDahs!]

Charts, try downloading the surveys and reading them, esp. before making nonsense claims like the one you just did.

Michael Painchaud is predicting a -23.1% crash next year, after accurately predicting two of the last zero crashes. He had predicted –18.3% for 2005 (a +3.0% year) and –7.9% for 2006 (a +14% year). He’s a perma-bear with two snaps full circle!

Subodh Kumar participated all three years, predicted low positive for two years in a row, he's predicting a -10% this year.

Others that were positive (but not necessarily bullish in the sense of above average returns) in the previous two years, but turned negative THIS year, are Richard Driehaus, C. Kim Goodwin, and Tobias Levkovich.

I have links to this year's survey and the previous two at http://www.billakanodoodahs.com/2006/12/continuing-to-fade-the-bearish-consensus/ .