Wanting on the underlying holdings of the ETFs in our protection universe at ETF Channel, we’ve in contrast the buying and selling value of every holding in opposition to the common analyst 12-month ahead goal value, and computed the weighted common implied analyst goal value for the ETF itself. For the Invesco NASDAQ 100 ETF (Image: QQQM), we discovered that the implied analyst goal value for the ETF based mostly upon its underlying holdings is $245.85 per unit.
With QQQM buying and selling at a current value close to $221.56 per unit, that implies that analysts see 10.97% upside for this ETF wanting by way of to the common analyst targets of the underlying holdings. Three of QQQM’s underlying holdings with notable upside to their analyst goal costs are Diamondback Power, Inc. (Image: FANG), ON Semiconductor Corp (Image: ON), and Microchip Know-how Inc (Image: MCHP). Though FANG has traded at a current value of $156.99/share, the common analyst goal is 36.14% increased at $213.72/share. Equally, ON has 32.37% upside from the current share value of $51.83 if the common analyst goal value of $68.61/share is reached, and analysts on common predict MCHP to succeed in a goal value of $66.64/share, which is nineteen.51% above the current value of $55.76. Under is a twelve month value historical past chart evaluating the inventory efficiency of FANG, ON, and MCHP:
Under is a abstract desk of the present analyst goal costs mentioned above:
| Identify | Image | Latest Worth | Avg. Analyst 12-Mo. Goal | % Upside to Goal |
|---|---|---|---|---|
| Invesco NASDAQ 100 ETF | QQQM | $221.56 | $245.85 | 10.97% |
| Diamondback Power, Inc. | FANG | $156.99 | $213.72 | 36.14% |
| ON Semiconductor Corp | ON | $51.83 | $68.61 | 32.37% |
| Microchip Know-how Inc | MCHP | $55.76 | $66.64 | 19.51% |
Are analysts justified in these targets, or overly optimistic about the place these shares might 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 current firm and trade developments? A excessive value goal relative to a inventory’s buying and selling value can mirror optimism in regards to the future, however will also be a precursor to focus on value downgrades if the targets had been a relic of the previous. These are questions that require additional investor analysis.
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Additionally see:
Top Ten Hedge Funds Holding HELO
QSR Dividend History
QRFT Options Chain
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
