1 year price target for
NDX
is derived based on TradingView forecast data available for its constituents following the steps described in the related idea. Weights and Price of 16 May 2023 is considered for the calculations. As constituents, weights and analyst price forecasts keep changing, this calculation shows only an approximate range for the next one year.
As per the forecast, it is highly improbable for the index to break lows made in Oct-2022. The most bullish case caps the index at around 18500. As there are no supporting factors for an extreme bullish market, the average forecast of 15000 by May-2024 looks a conservative estimate for the index.
NDX
is derived based on TradingView forecast data available for its constituents following the steps described in the related idea. Weights and Price of 16 May 2023 is considered for the calculations. As constituents, weights and analyst price forecasts keep changing, this calculation shows only an approximate range for the next one year. As per the forecast, it is highly improbable for the index to break lows made in Oct-2022. The most bullish case caps the index at around 18500. As there are no supporting factors for an extreme bullish market, the average forecast of 15000 by May-2024 looks a conservative estimate for the index.
