The Math Shows MAKX Can Go To $47

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 ProShares S&P Kensho Smart Factories ETF (MAKX), we found that the implied analyst target price for the ETF based upon its underlying holdings is $46.64 per unit.