Fair Value for S&P 500, Price Targets for the next 12 months
Going into next week I calculate fair value for the S&P 500 to be between 5,400 and 4,800 with an average target of 5,100 over the next 12 months. The low end of the range factors in any chance that we see the economy creep to a stagnant point over the next 12 months.
If by some miracle the economy should continue to experience above average GDP growth, the S&P 500 could go as high as 6,300 in the year ahead
Investors should be cautious about making any large stock purchases if we continue to see unemployment rise and GDP growth slow.
Holding off for better buying opportunities is for the best with the S&P 500 above the 5,400 level. The market is likely to continue to see downward pressure. Right now, earnings growth projections are lofty and likely to be revised downward over the next 6 months.
If by some miracle the economy should continue to experience above average GDP growth, the S&P 500 could go as high as 6,300 in the year ahead
Investors should be cautious about making any large stock purchases if we continue to see unemployment rise and GDP growth slow.
Holding off for better buying opportunities is for the best with the S&P 500 above the 5,400 level. The market is likely to continue to see downward pressure. Right now, earnings growth projections are lofty and likely to be revised downward over the next 6 months.
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