The Dow Jones Industrial Average is nearing a major milestone — and certain members will lead the blue-chip average over the finish line if Wall Street analysts are correct. The 30-stock index hit a 2023 high during Thursday trading, coming at the tail-end of what’s shaping up to be the strongest month of the year. It’s less than 4% off its all-time high notched in early 2022 at just under 37,000. .DJI ALL mountain The Dow To find who could lead the average to an all-time high, CNBC Pro screened for the Dow members with the largest upsides to average price targets among Wall Street analysts. Here’s the list: Walgreens could be a contributor to reaching those milestones, as the average Wall Street analyst anticipates the stock climbing 38.6% in the next year, according to CNBC Pro’s Stock Screener tool. An advance would mark a reprieve for the stock, which has performed the second worst in the index this with with a drop of more than 5%. Chevron can also help the Dow reach those milestones, with the average analyst forecasting a nearly 26% upside. The stock has also bucked the Dow’s ascent and is on pace for a losing November as oil prices have eased. The oil major missed analyst expectations for the fiscal third quarter on both lines when reporting earnings in late October. The company also announced its $53 billion acquisition of Hess last month. Still, the average analyst polled by FactSet rates the stock a buy. Further down the list, Salesforce could also contribute with an average price target implying an upside of more than 10%. The typical analyst has a buy rating on the stock, per FactSet. Any further rallies would extend an already strong period for the stock. Salesforce is tracking to finish November up nearly 24%, which would be its best month since January. A chunk of those gains came Thursday, the first full session following the software company’s Wednesday night earnings report. Salesforce beat expectations for per-share earnings in the quarter and raised its forward guidance in some places.
