The Dow Jones index held onto gains in the second quarter, even as concerns over stubborn inflation, strong economic data and reduced expectations for Fed rate cuts. The index closed above the 40,000-point level on May 16 for the first time in its history. What is the Dow Jones forecast for the rest of the year and beyond?
Most of USA30 price action in Q2 was encapsulated into a rectangle, restricting the index between 38,000 and 40,000, breaking the 40,000 level for the first time in its 128-year history of tracking some of the largest companies trading on the U.S. stock markets. A string of bullish momentum surpassed Q2’s cap and DJIA reached new highs after the three months consolidation.
In the 2024 Dow Jones Forecast, we looked at bullish continuation scenarios for US stocks and predicted 41,000 points by the end of Q2. That argument was largely driven by a combination of the trend that had started in Q4 of last year, along with the major driver behind it with a dovish FOMC priming the market for rate cuts to begin at some point in 2024.
So far this year, we’ve seen that dovishness continue as FOMC members have seemingly shrugged off positive data that suggests that they should wait to cut, while focusing on less-positive data that may indicate a softening backdrop.
This sets the stage for more strength in Q3 according to the latest Dow Jones forecasts, although there is risk of a pullback given how quickly and aggressively those trends in stocks have priced in.
However, a positive January for U.S. stocks is typically a prelude to a positive year, with Blackrock's analysis finding the correlation to hold 80% of the time since 1928.
Key Dow Jones Forecast & Price Predictions - Summary
- Dow Jones forecast today: Now that it has broken back above key resistance and a psychological hurdle of 40K, this area is going to be the most important support on any further dips in the weeks ahead with interim support at 40440. July’s high so far of 41381 is the main bullish target, where we also have the 161.8% Fibonacci extension level of the mini downswing that took place in May.
- Dow Jones price prediction 2024: The Dow Jones price predictions range from 34,000 (-8.5%) to 45,000 (+20%), with most analysts saying more strength in ’24 is likely. Earnings continue to surprise to the upside, and balance sheets for corporate America are in great shape.
- Dow Jones price prediction for the next 5 years: In 2030, projections and trends show that the Dow would reach 50,000, according to a mathematical forecasted model successfully applied in the past.
With CAPEX.com you can trade Dow Jones through CFDs if you want to speculate on price movements or invest in Dow stocks or ETFs.
Dow Jones Forecast 2024 – Q3 Fundamental Outlook
The 30-stock benchmark broke above 40,000 for the first time in the previous quarter. The move comes as investors cheer the prospects of artificial intelligence boosting corporate profits and the Federal Reserve possibly cutting rates later this year as inflation eases further from its pandemic highs.
It’s been a long and winding road for the Dow to climb to these levels. Here’s a look at the Dow’s trajectory over the past 20,000 points and milestones since 2016.
Early in 2017, as investors started to factor in lower corporate taxes in the United States under former President Donald Trump, the Dow closed above 20,000 for the first time. By the end of that year, such anticipations were fulfilled, and by January 2018, the Dow had risen almost 25,000 points.
However, when the enthusiasm over tax cuts subsided and the Federal Reserve raised interest rates, trade tensions between the United States and China escalated, the Dow suffered in 2018. Over 5% of the year was lost by the Dow at the end.
The stock market bounced back in 2019 when the Fed decided against hiking interest rates. The Dow was getting close to 30,000 by early 2020; on February 12, 2020, it reached a high of 29,551.42.
The Covid-19 epidemic then emerged. From its intraday peak in February 2020 to a low of 18,213.65 in March 2020, the Dow tumbled 38%.
In the coming months, the standard would rise as the development of the Covid vaccine advanced, and the Federal Reserve and legislators implemented novel policies to bolster the economy. The Dow closed above 30,000 for the first time in November 2020.
The Dow broke above 35,000 in 2021, continuing the momentum from the Covid lows. Nevertheless, the prosperous period would not endure for an extended period, as a bear market drove the Dow to a low of 28,660.51 before it began to rise again. After hitting that low, the Dow increased by 40%.
What is next for Dow Jones after 40,000 points?
The latest Dow Jones forecasts are pointing to new highs in 2024 after breaking the Q2 consolidation between 38,000 and 40,000 points. Breaching the 40,000 barrier is a big psychological boost for the bulls as round numbers hold special significance in people’s hearts and minds.
2024 is also an election year, historically the second-best year in the four-year political cycle (behind year three). Blackrock thinks that robust profit guidance, peaking interest rates, and historical signals of strong starts are all favourable signs for the equity market.
Although high valuations suggest investors must exercise caution, stocks appear well-positioned to beat bonds and cash once more this year. With the equal-weighted Dow Jones close to the market's long-term average, the equity risk premium—a gauge of relative stock pricing versus bonds—looks more appealing. This suggests that to with strong long-term prospects at reasonable prices, one must search outside the mega-cap stocks that have been controlling the frequently mentioned market-cap-weighted index.
Election years positive for the stock market
Election years for equities markets typically begin slowly (and volatilely) and get better with more confidence later. This is especially true once candidates are nominated in the summer and after Election Day, as the chart below illustrates. This pattern has historically not been significantly altered by the election's outcome, indicating that for the general market, clarity is more crucial than politics or parties.
Data dating back to 1928 yielded some interesting findings, one of which is that average full-year price returns in election years are essentially the same as those in non-election years, coming in at 7.3% and 7.5%, respectively. However, the journey there is markedly different, as the figure illustrates. If previous cycles are any guide, this year's stellar start (+7% through March 15 compared to the 0% election year average shown below) may portend an even higher trajectory for equities.
Chart shows the average progression of U.S. equity performance in election years and non-election years. Shaded area represents the Election Day window. Past performance is not indicative of current or future results.
FED setting the scene for a September cut
The Fed kept monetary policy unchanged but offered enough for the market to keep faith with the 18 September FOMC meeting rate-cut call. Inflation is looking better behaved, the jobs market is softening, and consumer spending is cooling, and with the policy rate well above neutral, some analysts look for 75bp of cuts this year with the potential for more in 2025.
Even if the Federal Reserve has maintained its current monetary policy, the press release indicated some minor changes in perspective. The word "modest" has been removed from the previous statement, which stated that the statistics showed "modest further progress" towards their inflation goal. Seems that officials are feeling more confident that inflation is finally heading towards their target after the core inflation prints for May and June began to slow.
However, they keep saying that "the Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably towards 2 percent".
The jobs trend is acknowledged to be decreasing. Instead of just stating that the committee "remains highly attentive to inflation risks," they now say that they are also "attentive to the risks to both sides of its dual mandate" in response to the rise in unemployment. Recall that the Fed aims for both maximum employment and 2% inflation.
The market appears to be a little disappointed that the Fed wasn’t more explicit on the potential for an interest rate cut, but we still have the Jackson Hole Conference at the end of August. That has been used in the past as a venue for signaling action and markets believe it will be used again to do this if the data continues to move in the expected direction.
Other considerations
The election is just one variable in the market picture this year. Others, like interest rates and earnings trajectory, are arguably weightier considerations.
Where do analysts see potential implications for stocks and forecast Dow Jones will trade? The clearest may be among companies tied to “green” initiatives if the election were to bring a party change in the Oval Office that could affect some of the regulation and incentives tied to the energy transition. The election mentions among companies engaged in these businesses may be an indication of that concern.
Until now, healthcare companies, who are usually caught in the crossfire of political manoeuvring, have not had much to say. Unlike previous seasons, potential candidates are not running on "Medicare for All" or prescription prices. This mitigating of political risks adds credence to our positive assessment of this adaptable industry, which has both defensive qualities and promising development opportunities amidst accelerating innovation, including the GLP-1 "diabesity" medications.
Stocks have managed to climb a wall of macro worries, thanks to largely solid earnings that analysts believe can expand beyond AI beneficiaries and continue to support prices and the bullish Dow Jones forecasts and price predictions for the second part of 2024.
Dow Jones Forecast 2024 – Q3 Technical Outlook
The Dow Jones (DJI) is a price weighted index made up of 30 of the largest stocks in the US representing all sectors apart from transportation and utilities. It, therefore, carries less or no exposure to stocks performing well at the end of Q2 (Nvidia, Apple and other tech stocks) and is more likely to consolidate within a broad range.
Most of DJI price action in Q2 was encapsulated by a rectangle or flag pattern (see chart below), restricting the index between 38,000 and 40,000. A string of bullish momentum surpassed Q2’s cap and reached 41,500, while the downside level of interest is now defined at 40,000-40,500 – the level consistent with the resistance of the previous trading range.
Now that it has broken back above key resistance and a psychological hurdle of 40K, this area is going to be the most important support on any further dips in the weeks ahead with interim support at 40440. July’s high so far of 41381 is the main bullish target, where we also have the 161.8% Fibonacci extension level of the mini downswing that took place in May.
Dow Jones Forecast 2024 – What Experts Are Saying?
Before we move on, I’d caution against putting too much weight into one-year targets. It’s extremely difficult to predict short-term moves in the market with any accuracy. Few on Wall Street have ever been able to do this successfully. We do however think the research, analysis, and commentary behind these forecasts can be informative.
Bank of America: bullish, Dow Jones price forecast of 39,000-40,000
Because of the Federal Reserve's significant success in tightening its monetary policy after more than a year of aggressive interest rate hikes and the continuous shrinking of its balance sheet, Bank of America is bullish on the stock market in 2024.
"We're bullish not because we expect the Fed to cut, but because of what the Fed has accomplished. Companies have adapted to higher rates and inflation."
It also helps that investors continue to focus on the possibility of an economic recession and are paying greater attention to negative than positive news.
"We are past maximum macro uncertainty. The market has absorbed significant geopolitical shocks already and the good news is we're talking about the bad news."
Deutsche Bank: bullish, Dow Jones price forecast of 40,000
According to Deutsche Bank's 2024 stock market outlook, the US economy is approaching a soft landing as inflation cools and GDP growth remains solid, and that's a great scenario for the stock market.
"Even if an economic recession does materialize in 2024, it shouldn't impact stock prices dramatically because most investors are anticipating it."
The bank forecast Dow Jones and SP500 to rise around 10% in 2024, up to 40,000 and 5,100 points, and if the economy dodges a recession, the gains could nearly double to about 19% in its bull-case scenario.
JPMorgan: bearish, Dow Jones price prediction of 33,000
JPMorgan said high equity valuations, high-interest rates, a weakening consumer, rising geopolitical risks, and a potential recession give it little confidence that stocks will move higher in 2024.
"We expect a more challenging macro backdrop for stocks next year with softening consumer trends at a time when investor positioning and sentiment have mostly reversed."
The bank's Dow Jones forecast for 2024 of around 33,000 points is explained by lackluster global earnings growth with a downside for equities from current levels.
"Equities are now richly valued with volatility near the historical low, while geopolitical and political risks remain elevated."
Morgan Stanley: neutral, Dow Jones price prediction of 35,000
Morgan Stanley anticipates a flat stock market in 2024 but notes that certain regions of the market are outperforming others. The corporation predicts that the highly narrow leadership of the mega-cap tech stocks will hold through the beginning of 2019 before eventually collapsing.
"The question for investors at this stage is whether the leaders can drag the laggards up to their level of performance or if the laggards will eventually overwhelm the leaders' ability to keep delivering in this challenging macro environment."
Morgan Stanley recommended investors avoid the high-priced tech stocks and instead focus on defensive growth stocks, typically found in the healthcare, utilities, and consumer staples sectors, as well as late-cycle cyclical stocks typically found in the industrials and energy sectors. Their Dow Jones forecast for 2024 is in line with the actual prices, although slightly bearish.
Goldman Sachs: neutral, Dow Jones price forecast of 37,000-38,000
Goldman Sachs forecast the Dow Jones as well as the S&P 500 to finish 2024 slightly higher from current levels as stocks are stuck in a "fat and flat" range since 2022.
"As higher-for-longer interest rates make valuation expansion from here difficult to justify, our market forecasts are broadly in line with earnings growth. On a weighted basis, we expect 8% price returns and 10% total returns for Global equities over the next year, taking them towards the upper end of the Fat & Flat range that they have been in since 2022."
Corporate earnings should also remain solid next year, providing a buoy to stock prices, as long as a recession is averted.
"In the absence of recession, corporate earnings rarely fall. Nevertheless, the lack of strong profit growth and a high starting valuation (particularly in the US equity market), and low equity risk premia leaves an unexciting outlook overall on a risk-adjusted basis, relative to cash returns."
Societe Generale: neutral, Dow Jones price forecast of 37,500
The Dow Jones index should be in ‘buy-the-dip’ territory, as leading indicators for profits continue to improve. Yet, the journey to the end of the year should be far from smooth, as the bank expects a mild recession in the middle of the year, a credit market sell-off in 2Q, and ongoing quantitative tightening.
"In the US, the long-predicted recession will in our view belatedly materialize in 2024, most likely during the middle quarters of the year, though it stands to be brief and shallow."
Wells Fargo: neutral, Dow Jones price forecast of 36,000
With the VIX low, credit spreads tight, equities rallying, and the cost of capital higher/volatile, it's time to downshift. The bank expects a volatile and ultimately flattish Dow Jones price prediction in 2024, as valuation limits upside and rate uncertainty elevates downside risk.
"There already are some cracks that are beginning to appear in the economy, and these strains likely will intensify in the coming months as monetary restraint remains in place. Our base case is that real GDP will contract modestly starting in mid-2024."
Dow Jones Price Prediction 2024 from AI-Based Websites
As for Dow Jones price predictions, Trading Economics expected the US30 index to trade at 39,787 points by the end of this quarter and estimated the index could drop to 37,585 points within 12 months based on its global macro models and analysts' expectations.
Algorithm-based forecasting service Wallet Investor was bullish on the Dow Jones index, saying DJIA is “a good long-term (1-year) investment”.
The agency forecasted Dow Jones will close in 2024 at 38818 points. The updated Dow Jones price prediction for the next 5 years is for the index to trade around 40,600 points.
Long Forecast predicts Dow Jones to trade above 40,000 points in the second half of 2024 and and advance up to 44,000 points by the end of the year. This is the most bullish Dow Jones forecast for 2024.
The Dow Jones is forecasted to trade in the 40,000-50,000 range during 2025 and continue the sideways movements in the next years. In five years from now, the agency forecasts Dow Jones to trade at around 50,000 points. The forecasting services did not provide a 10-year Dow Jones price prediction.
Dow Jones Price Prediction 2025-2030 (USA30 Forecast)
While some advisors are optimistic that the bull market will continue, others are preparing investors for what they see as its imminent end. As the current bull is now the second-longest ever, these advisors say that the odds are overwhelming and that it will soon be going bearish.
However, Dave S. Gilreath, partner and founder of Sheaff Brock Investment Advisors, is confident and sees a bright economic and other market future ahead. He believes the current bull is likely to continue galloping for years to come, pushing the Dow Jones Industrial Average above 40,000 by 2025.
Companies typically grow their earnings over time. Assuming an average growth of net earnings is 7% per year, in a five-year period a company’s cumulative profit will be about $40 for every $100 invested.
Reasoning onward, using a mathematical forecasting model, analysts revealed more interesting results. The year 2020 marks when this math equation took us above 30,000. In 2030, projections and trends show that the Dow would reach 50,000, says Brian Evans - the owner of Madrona Funds, LLC, and Bauer Evans CPAs, who also serves as the firm's chief investment officer, lead planner, and senior portfolio manager.
Dow Jones Price Predictions by Components
Dow Jones price predictions are based on its components' price predictions which we'll review below. The list is sorted by each component's weight in the index.
Dow Jones Stock Price Forecast - UnitedHealth Group Inc (9.69%)
The 23 analysts offering 12-month price forecasts for Dow Jones component UnitedHealth Group Inc. have a median target of 619.61, with a high estimate of $680.00 and a low estimate of 560.00. The median estimate represents a 7.51% increase from the opening prices of December 2024.
The current consensus among 26 polled investment analysts is to buy stock in UnitedHealth Group Inc. This rating has held steady since December, when it was unchanged from a buy rating.
Dow Jones Stock Price Forecast - Goldman Sachs Group (6.39%)
The 23 analysts offering 12-month price forecasts for Dow Jones component Goldman Sachs Group Inc have a median target of $527.87 with a high estimate of $571.00 and a low estimate of $464.00. The median estimate represents a 4.39% increase from the opening prices of December 2024.
The current consensus among 27 polled investment analysts is to buy stock in Goldman Sachs Group Inc. This rating has held steady since December, when it was unchanged from a buy rating.
Dow Jones Stock Price Forecast – Microsoft Corp (6.07%)
The 41 analysts offering 12-month price forecasts for Dow Jones component Microsoft Corp have a median target of $501.00, with a high estimate of $600.00 and a low estimate of $375.00. The median estimate represents a +10% increase from the opening prices of December 2024.
The current consensus among 49 polled investment analysts is to buy stock in Microsoft Corp. This rating has held steady since December, when it was unchanged from a buy rating.
Dow Jones Stock Price Forecast – McDonald's Corp (5.87%)
The 30 analysts offering 12-month price forecasts for Dow Jones component McDonald's Corp have a median target of $305.38, with a high estimate of $357.00 and a low estimate of $265.00. The median estimate represents a +14,6% increase from the opening prices of December 2024.
The current consensus among 49 polled investment analysts is to buy stock in Microsoft Corp. This rating has held steady since December, when it was unchanged from a buy rating.
Dow Jones Stock Price Forecast – Home Depot Inc. (5.68%)
The 31 analysts offering 12-month price forecasts for Dow Jones component Home Depot Inc. have a median target of $386.61, with a high estimate of $426.00 and a low estimate of $318.00. The median estimate represents a -2% decrease from the opening prices of December 2024.
The current consensus among 37 polled investment analysts is to hold stock in Home Depot Inc. This rating has held steady since December, when it was unchanged from a buy rating.
Dow Jones Stock Price Forecast – Amgen Inc (4.61%)
The 18 analysts offering 12-month price forecasts for Dow Jones component Amgen Inc. have a median target of $316.86, with a high estimate of $380.00 and a low estimate of $170.00. The median estimate represents a 4.93% decrease from the opening prices of December 2024.
The current consensus among 27 polled investment analysts is to hold stock in Amgen Inc. This rating has held steady since December, when it was unchanged from a hold rating.
Dow Jones Stock Price Forecast – Visa Inc (4.48%)
The 32 analysts offering 12-month price forecasts for Dow Jones component Visa Inc have a median target of $305.21, with a high estimate of $330.00 and a low estimate of $251.00. The median estimate represents a 16.01% increase from the opening prices of December 2024.
The current consensus among 38 polled investment analysts is to buy stock in Visa Inc. This rating has held steady since December, when it was unchanged from a buy rating.
Dow Jones Stock Price Forecast – Caterpillar Inc (4.18%)
The 23 analysts offering 12-month price forecasts for Dow Jones component Caterpillar Inc have a median target of $350.76, with a high estimate of $440.00 and a low estimate of $245.00. The median estimate represents a 2.65% increase from the opening prices of December 2024.
The current consensus among 29 polled investment analysts is to buy stock in Caterpillar Inc. This rating has held steady since December, when it was unchanged from a buy rating.
Dow Jones Stock Price Forecast – Boeing Co (3.92%)
The 22 analysts offering 12-month price forecasts for Dow Jones component Boeing Co have a median target of $218.67, with a high estimate of $270.00 and a low estimate of $140.00. The median estimate represents a 17.02% increase from the opening prices of 2024.
The current consensus among 27 polled investment analysts is to buy stock in Boeing Co. This rating has held steady since December, when it was unchanged from a buy rating.
Dow Jones Stock Price Forecast – Honeywell International Inc (3.90%)
The 42 analysts offering 12-month price forecasts for Dow Jones component Salesforce Inc. have a median target of $227.12, with a high estimate of 250 and a low estimate of $202.00. The median estimate represents a 12.08% increase from the opening prices of December 2024.
The current consensus among 28 polled investment analysts is to buy stock in Honeywell International Inc. This rating has held steady since December, when it was upgraded from a hold rating.
Dow Jones Stock Price Forecast – Salesforce Inc (3.82%)
The 42 analysts offering 12-month price forecasts for Dow Jones component Salesforce Inc. have a median target of $293.27, with a high estimate of $350.00 and a low estimate of $230.00. The median estimate represents a 13.7% increase from the opening prices of December 2024.
The current consensus among 48 polled investment analysts is to buy stock in Salesforce Inc. This rating has held steady since December, when it was unchanged from a buy rating.
Dow Jones Stock Price Forecast - Travelers Companies Inc. (3.56%)
The 18 analysts offering 12-month price forecasts for Dow Jones component Travelers Companies Inc. have a median target of $224.90, with a high estimate of $250.00 and a low estimate of $200.00. The median estimate represents a 2.03% increase from the opening prices of December 2024.
The current consensus among 24 polled investment analysts is to hold stock in Travelers Companies Inc. This rating has held steady since December, when it was unchanged from a hold rating.
Dow Jones Stock Price Forecast - Apple Inc (3.29%)
The 37 analysts offering 12-month price forecasts for Dow Jones component Apple Inc. have a median target of $232.22, with a high estimate of $300.00 and a low estimate of $180.00. The median estimate represents a 6.13% increase from the opening prices of December 2024.
The current consensus among 41 polled investment analysts is to buy stock in Apple Inc. This rating has held steady since December, when it was unchanged from a buy rating.
Dow Jones Stock Price Forecast - Johnson & Johnson (3.22%)
The 19 analysts offering 12-month price forecasts for Dow Jones component Johnson & Johnson have a median target of $171.47, with a high estimate of $215.00 and a low estimate of $150.00. The median estimate represents a 6.29% increase from the opening prices of December 2024.
The current consensus among 23 polled investment analysts is to hold stock in Johnson & Johnson. This rating has held steady since December when it was unchanged from a hold rating.
Dow Jones Stock Price Forecast – Chevron Corporation (3.10%)
The 24 analysts offering 12-month price forecasts for Dow Jones component Chevron Corp have a median target of $180.29, with a high estimate of $206.00 and a low estimate of $148.00. The median estimate represents a 12.98% increase from the opening prices of December 2024.
The current consensus among 28 polled investment analysts is to buy stock in Chevron Corp. This rating has held steady since December, when it was unchanged from a hold rating.
Dow Jones Stock Price Forecast – Procter & Gamble Co (3.09%)
The 22 analysts offering 12-month price forecasts for Dow Jones component Procter & Gamble Co have a median target of $175.43, with a high estimate of $191.00 and a low estimate of $156.00. The median estimate represents a 8.49% increase from the opening prices of December 2024.
The current consensus among 26 polled investment analysts is to buy stock in Procter & Gamble Co. This rating has held steady since December, when it was unchanged from a buy rating.
Dow Jones Stock Price Forecast - Walmart Inc. (2.99%)
The 35 analysts offering 12-month price forecasts for Dow Jones component Walmart Inc have a median target of $73.43, with a high estimate of $82.00 and a low estimate of $64.00. The median estimate represents a 6.13% increase from the opening prices of December 2024.
The current consensus among 40 polled investment analysts is to buy stock in Walmart Inc. This rating has held steady since December, when it was unchanged from a buy rating.
Dow Jones Stock Price Forecast - American Express (2.96%)
The 23 analysts offering 12-month price forecasts for Dow Jones component American Express Co have a median target of $238.42, with a high estimate of $285.00 and a low estimate of $174.00. The median estimate represents a 3.82% increase from the opening prices of December 2024.
The current consensus among 31 polled investment analysts is to hold stock in American Express Co. This rating has held steady since December, when it was unchanged from a hold rating.
Dow Jones Stock Price Forecast - JPMorgan Chase & Co (2.96%)
The 23 analysts offering 12-month price forecasts for Dow Jones component JPMorgan Chase & Co have a median target of $211.53 with a high estimate of $240.00 and a low estimate of $140.00. The median estimate represents a 0.32% increase from the opening prices of December 2024.
The current consensus among 26 polled investment analysts is to buy stock in JPMorgan Chase & Co. This rating has held steady since December, when it was unchanged from a buy rating.
Dow Jones Stock Price Forecast – Nike Inc (2.46%)
The 29 analysts offering 12-month price forecasts for Dow Jones component Nike Inc. have a median target of $90.79, with a high estimate of $125.00 and a low estimate of $60.00. The median estimate represents a 22.16% increase from the opening prices of December 2024.
The current consensus among 34 polled investment analysts is to buy stock in Nike Inc. This rating has held steady since December, when it was unchanged from a buy rating.
Dow Jones Stock Price Forecast – IBM (2.43%)
The 13 analysts offering 12-month price forecasts for Dow Jones component International Business Machines Corp have a median target of $187.14, with a high estimate of $211.00 and a low estimate of $130.00. The median estimate represents a 2.04% increase from the opening prices of December 2024.
The current consensus among 17 polled investment analysts is to hold stock in International Business Machines Corp. This rating has held steady since December, when it was unchanged from a hold rating.
Dow Jones Stock Price Forecast – Merck & Co Inc (2.33%)
The 23 analysts offering 12-month price forecasts for Dow Jones component Merck & Co. Inc. have a median target of $141.91, with a high estimate of $155.00 and a low estimate of $127.00. The median estimate represents a 23.13% increase from the opening prices of December 2024.
The current consensus among 28 polled investment analysts is to buy stock in Merck & Co. Inc. This rating has held steady since December, when it was unchanged from a buy rating.
Dow Jones Stock Price Forecast – 3M Company (2.02%)
The 16 analysts offering 12-month price forecasts for Dow Jones component 3M Co have a median target of $123.15, with a high estimate of $150.00 and a low estimate of $93.00. The median estimate represents a 2.84% increase from the opening prices of December 2024.
The current consensus among 20 polled investment analysts is to hold stock in 3M Co. This rating has held steady since December, when it was unchanged from a hold rating.
Dow Jones Stock Price Forecast – Walt Disney Company (1.93%)
The 25 analysts offering 12-month price forecasts for Dow Jones component Walt Disney Co. have a median target of $127.38, with a high estimate of 35.81% and a low estimate of $100.00. The median estimate represents a 35.81% increase from the opening prices of December 2024.
The current consensus among 30 polled investment analysts is to buy stock in Walt Disney Co. This rating has held steady since December, when it was unchanged from a buy rating.
Dow Jones Stock Price Forecast – Coca-Cola Co (1.93%)
The 20 analysts offering 12-month price forecasts for Dow Jones component Coca-Cola Co have a median target of $69.59, with a high estimate of 75.00 and a low estimate of $62.00. The median estimate represents a 4.27% increase from the opening prices of December 2024.
The current consensus among 26 polled investment analysts is to buy stock in Coca-Cola Co. This rating has held steady since December, when it was unchanged from a buy rating.
Dow Jones Stock Price Forecast – Dow Inc (1.93%)
The 22 analysts offering 12-month price forecasts for Dow Jones component Dow Inc. have a median target of $58.31, with a high estimate of $64.00 and a low estimate of $54.00. The median estimate represents a 7.05% increase from the opening prices of December 2024.
The current consensus among 25 polled investment analysts is to hold stock in Dow Inc. This rating has held steady since December, when it was unchanged from a hold rating.
Dow Jones Stock Price Forecast – Cisco Systems Inc (0.90%)
The 17 analysts offering 12-month price forecasts for Dow Jones component Cisco Systems Inc. have a median target of $54.50, with a high estimate of $76.00 and a low estimate of $46.00 The median estimate represents a 12.49% increase from the opening prices of December 2024.
The current consensus among 24 polled investment analysts is to hold stock in Cisco Systems Inc. This rating has held steady since December, when it was unchanged from a hold rating.
Dow Jones Stock Price Forecast – Verizon Communications Inc (0.74%)
The 21 analysts offering 12-month price forecasts for Dow Jones component Verizon Communications Inc. have a median target of $45.71, with a high estimate of $53.00 and a low estimate of $38.76. The median estimate represents a 14.16% increase from the opening prices of December 2024.
The current consensus among 26 polled investment analysts is to hold stock in Verizon Communications Inc. This rating has held steady since December, when it was unchanged from a hold rating.
Dow Jones Stock Price Forecast – Walgreens Boots Alliance Inc (0.62%)
The 18 analysts offering 12-month price forecasts for Dow Jones component Walgreens Boots Alliance Inc. have a median target of $13.00, with a high estimate of $22.00 and a low estimate of $7.00. The median estimate represents a 9.52% % increase from the opening prices of December 2024.
The current consensus among 18 polled investment analysts is to hold stock in Walgreens Boots Alliance Inc. This rating has held steady since December, when it was unchanged from a hold rating.
Dow Jones Stock Price Forecast – Intel Corp (0.62%)
The 34 analysts offering 12-month price forecasts for Dow Jones component Intel Corp have a median target of $40.21, with a high estimate of $68.00 and a low estimate of $29.00. The median estimate represents a 38.42% increase from the opening prices of December 2024.
The current consensus among 42 polled investment analysts is to hold stock in Intel Corp. This rating has held steady since December, when it was unchanged from a hold rating.
*It is worth keeping in mind that both analysts and online forecasting sites can and do get their predictions wrong. Keep in mind that past performance and forecasts are not reliable indicators of future returns. When considering Dow Jones price predictions for 2022 and beyond, it’s important to keep in mind that high market volatility and macroeconomic environment make it difficult to produce accurate long-term Dow Jones analysis and estimates. As such, analysts and forecasters can get their Dow Jones forecast wrong.
It is essential to do your research and always remember your decision to trade depends on your attitude to risk, your expertise in the market, the spread of your investment portfolio, and how comfortable you feel about losing money. You should never invest money that you cannot afford to lose.
Factors That Can Impact the Dow Jones Stock Price
- Current News - The price of the Dow Jones is calculated using data from its companies. That is why it is important to keep a close eye on all the major news and results of the companies that weigh the most in this reference index.
- Economic Data - Figures may include unemployment, trade balance, GDP growth rate, inflation rate, retail sales, durable goods, industrial orders, business sentiment, or consumer confidence.
- U.S. Dollar - The value of the U.S. dollar will affect the export or import profitability of U.S. listed companies. If the U.S. dollar is going down, the stock index tends to rise also.
- FED - Communications from the U.S. Federal Reserve on interest rates, as well as the press conferences of these organizations usually impact the Dow Jones index.
Is Dow Jones a good investment?
Since its inception in May 1896, the Dow Jones index has returned a total of 1,710.902% with an annualized 2.325%. The values are adjusted for inflation according to the Dow Jones Return Calculator, Dividends Reinvested (DQYDJ).
In recent years, the Dow Jones price has risen enormously, as can be seen in the above tables. The Dow Jones rate has been tracked since 1896, and in 1976, the 1000-point limit was broken. Subsequently, the limit of 20,000 points was reached in 2017, and the Dow Jones price is now already at more than 30,000 points.
Nevertheless, the question remains where the limit lies for the Dow Jones index. What has become clear is that the Dow Jones price has become much more volatile, with daily fluctuations of hundreds of points being no exception.
Analysts outlined in the article viewed the Dow Jones Industrial Average (US30) could reverse the downtrend if inflation started to slow. However, the Fed signaled at the 4 May meeting that further rate hikes were expected as inflation is likely to remain elevated in the coming months.
Whether or not Dow Jones is a good investment for you depends on your attitude to risk, your expertise in this market, the spread of your portfolio, and how comfortable you feel about losing money.
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Sources:
- What analysts are saying about Wall Street's 2024 outlook (yahoo.com)
- Here's a Complete Rundown of Wall Street's 2024 Stock Market Predictions (businessinsider.com)
- Stock analysts who got it wrong last year predict a soft landing in 2024 - CBS News
- What 2024 S&P 500 forecasts really say about the stock market | Morningstar
- United States - Dow Jones Industrial Average - 2023 Data 2024 Forecast 2007 Historical (tradingeconomics.com)
- Business and Financial News - CNN Money
- List of All Stock Ticker Symbols - TipRanks.com
- https://www.federalreserve.gov/newsevents/pressreleases/monetary20240501a.htm
- Taking Stock: Q2 2024 equity market outlook| BlackRock