Trying on the underlying holdings of the ETFs in our protection universe at ETF Channel, we’ve in contrast the buying and selling worth of every holding towards the typical analyst 12-month ahead goal worth, and computed the weighted common implied analyst goal worth for the ETF itself. For the Innovator Fairness Managed Flooring ETF (Image: SFLR), we discovered that the implied analyst goal worth for the ETF based mostly upon its underlying holdings is $36.72 per unit.
With SFLR buying and selling at a latest worth close to $33.51 per unit, that signifies that analysts see 9.58% upside for this ETF wanting by to the typical analyst targets of the underlying holdings. Three of SFLR’s underlying holdings with notable upside to their analyst goal costs are Coupang Inc (Image: CPNG), HEICO Corp (Image: HEI.A), and First Residents BancShares Inc (Image: FCNCA). Though CPNG has traded at a latest worth of $24.32/share, the typical analyst goal is nineteen.24% larger at $29.00/share. Equally, HEI.A has 15.61% upside from the latest share worth of $198.94 if the typical analyst goal worth of $230.00/share is reached, and analysts on common expect FCNCA to achieve a goal worth of $2336.54/share, which is 12.61% above the latest worth of $2074.88. Beneath is a twelve month worth historical past chart evaluating the inventory efficiency of CPNG, HEI.A, and FCNCA:
Beneath is a abstract desk of the present analyst goal costs mentioned above:
| Identify | Image | Current Worth | Avg. Analyst 12-Mo. Goal | % Upside to Goal |
|---|---|---|---|---|
| Innovator Fairness Managed Flooring ETF | SFLR | $33.51 | $36.72 | 9.58% |
| Coupang Inc | CPNG | $24.32 | $29.00 | 19.24% |
| HEICO Corp | HEI.A | $198.94 | $230.00 | 15.61% |
| First Residents BancShares Inc | FCNCA | $2074.88 | $2336.54 | 12.61% |
Are analysts justified in these targets, or overly optimistic about the place these shares shall be buying and selling 12 months from now? Do the analysts have a legitimate justification for his or her targets, or are they behind the curve on latest firm and business developments? A excessive worth goal relative to a inventory’s buying and selling worth can replicate optimism concerning the future, however will also be a precursor to focus on worth downgrades if the targets have been a relic of the previous. These are questions that require additional investor analysis.
10 ETFs With Most Upside To Analyst Targets »
Additionally see:
ETFs Holding IVZ
Funds Holding SYLD
MATW shares outstanding history
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.
