小盘股将向2400进军！ Sell-side analysts' 12-month Russell 2000 target of 2,737 includes an expectation for EPS to rise 14.6% over the next 12 months vs. our model's 9.7%, but also suggests valuations will remain high (1.7x). Our regression's bullish EPS case for 15.6% expansion suggests upside to 2,424 even with the Fed beginning to taper as the economy runs hotter than expected. A more unlikely scenario -- where the Fed keeps the pedal to the metal with the same macro run-rate -- pushes it near 2,500.