Here's What 11,065 Stock Pickers Are Saying About The Stock Market

When it comes to the outlook for the S&P 500, we typically hear from equity strategists who provide a top-down call.  Basically, one person considers all of the factors (e.g. EPS estimates, GDP, etc.) and comes up with a number for the S&P 500.

We rarely hear about the bottoms-up estimate.  This number is usually based on a composite of estimates and price targets of a group of analysts and stock pickers.

FactSet compiled information on 11,065 ratings on S&P 500 stocks.  Based on all that data, the 12-month bottoms-up forecast on the S&P 500 is 1,567.  This target has increased for four straight months.

The bottoms-up number compares to strategists’ top-down estimate of 1,457.

Here’s a chart S&P 500 outlooks based on top-down and bottom-up from FactSet:

chart

Photo: FactSet

SEE ALSO: Here’s How Millionaires And Billionaires Really Feel About The Global Economy >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.

Tagged In

markets moneygame-us