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Which S&P 500 Stocks Will See a Share Price Above $1,000?

Earnings

By John Butters  |  July 12, 2017

On June 2, the price of Amazon.com stock closed above $1,000. One business day later (June 5), the price of Alphabet Class A stock also closed above $1,000. Given these recent closing prices, are any other stocks in the S&P 500 projected to see a closing price above $1,000 in the near future?

Companies with $1,000+ Potential

Looking at the mean target price estimates of all the stocks in the S&P 500, four stocks currently have mean target prices above $1,000. Three of these four stocks (Priceline.com, Amazon.com, and Alphabet Class A) have already seen their share price close above $1,000 at some point during the month of June. The only stock on the list that has not recorded a closing price above $1,000 is Alphabet Class C.

It is interesting to note that Intuitive Surgical had a closing price of $929.85 on June 8. However, the mean target price of analysts for this company is lower than the most recent closing price at $871.69.

The list below shows the 10 stocks in the S&P 500 with the highest mean target prices as of June 8.

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John Butters

Vice President, Senior Earnings Analyst

Mr. John Butters is Vice President and Senior Earnings Analyst at FactSet. His weekly research report, “Earnings Insight,” provides analysis and commentary on trends in corporate earnings data for the S&P 500 including revisions to estimates, year-over-year growth, performance relative to expectations, and valuations. He is a widely used source for the media and has appeared on CNBC, Fox Business News, and the Business News Network. In addition, he has been cited by numerous print and online publications such as The Wall Street Journal, The Financial Times, The New York Times, MarketWatch, and Yahoo! Finance. Mr. Butters has over 15 years of experience in the financial services industry. Prior to FactSet in January 2011, he worked for more than 10 years at Thomson Reuters (Thomson Financial), most recently as Director of U.S. Earnings Research (2007-2010).

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