2014 Predictions: S&P 500 Finishes 2014 at 2,014
Oppenheimer chief market strategist John Stoltzfus wasn’t trying to be cute when he slapped a year-end price target on the S&P 500 of 2,014. His price target was set using the midpoint between Oppenheimer’s dividend discount model and a price-to-earnings model. It’s just what the spreadsheet spit out.
Still, Stoltzfus had to plug some pretty optimistic assumptions into both models to come up with a 2014 prediction for S&P 500 2,014. It’s well above both the Street’s average estimate, as well as the most bullish 2014 predictions in the Barron’s survey.
On the other hand, if the S&P 500 ends at 2,014, it would represent a 9% gain over 2013, which is in line with historical performance following a red-hot year.