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Henry Blodget

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Henry Blodget is a former securities analyst who was senior Internet analyst for CIBC Oppenheimer during the dot-com bubble. He was later employed by Merrill Lynch.

Blodget received a Bachelor of Arts degree from Yale University and began his career as a freelance journalist and was a proofreader for Harper's Magazine. In 1994, Blodget joined the corporate finance training program at Prudential Securities, and, two years later, moved to Oppenheimer & Co. in equity research. In October 1998 , he predicted that Amazon.com's stock price would hit $400 . This call received significant media attention, and, two months later, he accepted a prized position at Merrill Lynch. Blodget's influence continued to increase, and, in 2000, he was voted the No. 1 Internet/eCommerce analyst on Wall Street by Institutional Investor, Greenwich Associates, and thestreet.com. In early 2000, days before the dot-com bubble burst, Blodget personally invested $700,000 in tech stocks, only to lose most of it in the years that followed. In 2001, he accepted a buyout offer from Merrill Lynch and left the firm.

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