Nasdaq Has Room to Rally for Analysts With Bubble Peak in Sight
While the advance has brought the Nasdaq close to new highs, valuations are only a fraction of where they were 15 years ago.
Photographer: John Moore/BloombergThis article is for subscribers only.
The good news for investors who have waited 15 years for the Nasdaq Composite Index to get back to its 2000 record is that analysts don’t see it stopping there.
Flirting with 5,000 and within 65 points of reclaiming the bubble peak, the Nasdaq will climb 8.6 percent to 5,415 in the next 12 months, according to analyst price targets compiled by Bloomberg. Such a rally would outpace projected gains in the Standard & Poor’s 500 Index and buck up anyone who’s sat through a pair of two-term presidencies hoping to get back to even.