Wanting on the underlying holdings of the ETFs in our protection universe at ETF Channel, we’ve got in contrast the buying and selling worth of every holding in opposition to the typical analyst 12-month ahead goal worth, and computed the weighted common implied analyst goal worth for the ETF itself. For the JPMorgan US Momentum Issue ETF (Image: JMOM), we discovered that the implied analyst goal worth for the ETF primarily based upon its underlying holdings is $67.78 per unit.
With JMOM buying and selling at a latest worth close to $51.00 per unit, that signifies that analysts see 32.90% upside for this ETF trying by means of to the typical analyst targets of the underlying holdings. Three of JMOM’s underlying holdings with notable upside to their analyst goal costs are TPG Companions LLC (Image: TPG), Lazard Inc (Image: LAZ), and Janus Henderson Group plc (Image: JHG). Though TPG has traded at a latest worth of $40.99/share, the typical analyst goal is 68.33% larger at $69.00/share. Equally, LAZ has 57.69% upside from the latest share worth of $35.24 if the typical analyst goal worth of $55.57/share is reached, and analysts on common predict JHG to succeed in a goal worth of $45.09/share, which is 49.30% above the latest worth of $30.20. Beneath is a twelve month worth historical past chart evaluating the inventory efficiency of TPG, LAZ, and JHG:
Beneath is a abstract desk of the present analyst goal costs mentioned above:
| Title | Image | Latest Worth | Avg. Analyst 12-Mo. Goal | % Upside to Goal |
|---|---|---|---|---|
| JPMorgan US Momentum Issue ETF | JMOM | $51.00 | $67.78 | 32.90% |
| TPG Companions LLC | TPG | $40.99 | $69.00 | 68.33% |
| Lazard Inc | LAZ | $35.24 | $55.57 | 57.69% |
| Janus Henderson Group plc | JHG | $30.20 | $45.09 | 49.30% |
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 sound 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 mirror optimism in regards to the future, however will also be a precursor to focus on worth 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:
HXL YTD Return
EIDO market cap history
AMDA Split History
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
