Market Extra: The Dow at 20,000 in a year is now the consensus forecast

Get your “Dow 20K” hat ready now?

The Dow Jones Industrial Average will trade above 20,000 in a year, according to a bottom-up analysis of the blue-chip gauge’s stocks.

Howard Silverblatt, senior index analyst at S&P Dow Jones Indices, has been tracking the company-level predictions submitted by Wall Street analysts for the Dow’s 30 components.

Lumping together their average price targets for these companies and then weighting them appropriately, he says the “consensus 1-year target price” for the Dow industrials DJIA, +0.02% just reached 20,003.93 late Tuesday.

“This is the second sighting of 20,000,” Silverblatt wrote in a note overnight.

>>> Original Source <<<