Analysts Project 10% Increase For S&P 500 Over Next Year

Analysts Project 10% Increase For S&P Over Next Year by John Butters, FactSet

Following a drop in price of 5.3% (to 2000.54 from 2113.32) during the two trading days after the “Brexit” vote, the S&P 500 index recorded an increase in value of 4.9% during the final three trading days of the quarter to finish the second quarter at 2098.86. Where do industry analysts believe the price will go from here?

Industry analysts in aggregate predict the S&P 500 will see a 10.0% increase in price over the next 12 months. This percentage is based on the difference between the bottom-up target price and the closing price for...