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?
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.