Surprising Analyst 12-Month Target For SPMD
July 08, 2020 at 07:59 AM EDT
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the SPDR— Portfolio S&P 400— Mid Cap ETF (SPMD), we found that the implied analyst target price for the ETF based upon its underlying holdings is $34.60 per unit.