3 Dow Jones Stocks That Will Go Up 40% Or More – If Wall Street Bulls Are Right

Investors love stocks which can produce big gains. They especially like it when these stocks are among the leaders in their industries, and the Dow Jones Industrial Average (DJINDICES: ^ DJI) includes stocks from 30 of the world’s top companies. Many investors consider the Dow 30 to be one of the safest and most trusted stocks in the market.

After a strong 2020, there are concerns that the stock market has come too far too quickly. To them, safer games like blue chip stocks in the Dow seem like a safer bet. Yet even within the Dow Jones, you can still find companies that sport the kind of growth prospects that will support rising stock prices. In fact, if Wall Street’s more bullish analysts are right about them, the following three stocks could see their stock prices register gains of 40% or more in the near future.

1. Boeing

Aerospace giant Boeing (NYSE: BA) is the archetypal value game for those looking for bearish and bearish stocks at a relative price. Hit by the punch of having multiple crashes with its new model 737 MAX aircraft, then slowing air traffic to a virtual standstill during the COVID-19 pandemic, Boeing’s shares have plunged nearly 80% between their peaks in early 2019 and their worst levels last March.

Still, Boeing has more than doubled from its lows, and some Wall Street analysts are very bullish on the stock. While the average stock price target of $ 230 is only about 7% higher than its most recent close, analysts at Baird pushed the stock last November from neutral to outperforming and have set a price target of $ 306 per share. That would represent a 42% increase from here.

The return to service of the 737 MAX, Baird said, should lead to a return to long-term growth for the aircraft manufacturer. Additionally, favorable trends in the number of COVID-19 cases and gradual advances in vaccinations could bode well for air travel to return to past traffic levels as soon as possible.

Boeing suffered huge losses in 2020 and faces more uncertainty as airlines pull back and determine how to move forward. Still, as one of the world’s two largest manufacturers of commercial aircraft, Boeing is expected to rebound until people give up on air travel for good.

2. Goldman Sachs

Goldman Sachs (NYSE: GS) has already given long-term investors a big reward for their loyalty to the investment banking giant over the past year. Although stocks fell sharply at the start of the coronavirus crisis amid fears of massive unemployment causing major defaults and economic chaos, Goldman’s stock began to hit new all-time highs early in the year. 2021 and has already increased by 13% in less than six weeks. .

Analysts believe good times may still be ahead for Goldman. An average price target of $ 334 per share is about 11% higher than current levels, but Oppenheimer has more ambitious ideas, with its outperformance rating and its price target of $ 445 set in January, which represents a gain of almost 50% compared to current levels.

Oppenheimer was happy to see Goldman doing extremely well when he announced his fourth quarter financial results in January. In particular, Wall Street’s bank profits were 63% higher than most investors had expected, and Goldman was optimistic about how its outlook for 2021 was.

Goldman Sachs basically ran on water for much of the 2010s, and many believed the banking best days were behind. But now the confidence in Goldman is back, and a push further into record territory is entirely possible.

3. UnitedHealth

Finally, UnitedHealth Group (NYSE: UNH) has been an exceptional artist for years. The health insurance giant has recouped almost all of its losses from a pandemic in a single month, and its stock has grown by around 10% in the past year.

Wall Street has high hopes for UnitedHealth. Even the average price target of $ 396 per share is 20% higher than current levels. Best call for $ 462 from analysts at Morgan stanley is 40% higher.

Morgan Stanley actually has some positive views on the health insurer. Its base target price complements its overweight rating on the stock, with reasonable assumptions to reach the number of $ 462. Yet Morgan also modeled a more bullish scenario in which he would predict a higher target price of $ 529 per share. It would be about 60% above current levels.

Investors are optimistic that UnitedHealth is perfectly positioned for a change of leadership in Washington, with new focus on healthcare that should complement its strategy of having a significant presence in the Medicare and Medicaid insurance markets. The Optum health benefits and services unit has been an even bigger gold mine for UnitedHealth, and its outlook looks strong no matter what happens with federal health policy. Overall, UnitedHealth is prepared for whatever is likely to happen, and it’s a good position for investors.

Watch the Dow Jones for good stocks

Just because a stock is a household name doesn’t mean you can’t make money investing in it. If Wall Street analysts are right, the gains for UnitedHealth, Goldman Sachs and Boeing could be substantial in 2021 and beyond. This makes them worthy of a closer look by investors looking for good investment ideas.