The stocks that led the Dow's run to a record this year and where Wall Street sees them going from here
After the Dow Jones Industrial Average jumped to a record high Wednesday, investors ask where the blue chip index and its 30 member stocks may go next. The Dow rallied more than 500 points Wednesday as investors cheered the latest Federal Reserve monetary policy outlook. That put the average above the 37,000 level for the first time ever, exceeding a previous high reached nearly two years ago, in January 2022. The Dow is now up nearly 12% since the start of 2023. Now, investors ask if the index has further upside after its historic move. That will depend on the performance of the 30 individual stocks that comprise the average. CNBC Pro looked at the 10 best performers in the Dow thus far in 2023. Using the screening tool only available to subscribers, CNBC Pro analyzed Wall Street analyst forecasts to find which stocks have more room to run and which may be in for a correction. The former can help push the index to even higher levels, while the latter could play a role in pulling the average off its highs or hold the Dow back. Here's the list: Salesforce has led the Dow this year, surging more than 94% since the start of 2023. That performance underscores a broader rebound for large technology names amid the artificial intelligence boom and in the wake of 2022's sell-off. Indeed, 2023 is on track to mark the software stock's best year since 2009, when shares soared more than 130%. CRM ALL mountain Salesforce shares Even after this year's rally, the average analyst on Wall Street rates Salesforce a buy and sees another 6% upside ahead for the stock. The next biggest gains in the Dow this year were logged by Intel , Microsoft and Apple , respectively. But analysts differ on where they will go next. Wall Street is least optimistic on Intel, which has climbed more than 68% in 2023. The average analyst has a hold rating and price target showing shares should tumble nearly 16% over the next year. Meanwhile, the typical analyst has a buy rating on Microsoft with an outlook implying more than 8% further upside for the shares over the next year. Microsoft has soared more than 56% over the course of 2023. Apple, the largest stock in the U.S. by market value, has rallied more than 52% this year. While the average analyst has a buy rating, the consensus price target estimates that the stock will barely budge in the coming year. Boeing notched the fifth-best performance in the Dow this year, with a gain of nearly 32%. The typical analyst has a buy rating and target price implying upside of only around 2%. — CNBC's Fred Imbert contributed to this report.