Trying 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 towards the typical analyst 12-month ahead goal worth, and computed the weighted common implied analyst goal worth for the ETF itself. For the Invesco NASDAQ Subsequent Gen 100 ETF (Image: QQQJ), we discovered that the implied analyst goal worth for the ETF based mostly upon its underlying holdings is $36.56 per unit.
With QQQJ buying and selling at a current worth close to $31.64 per unit, that signifies that analysts see 15.56% upside for this ETF trying by to the typical analyst targets of the underlying holdings. Three of QQQJ’s underlying holdings with notable upside to their analyst goal costs are Baidu Inc (Image: BIDU), JD.com, Inc. (Image: JD), and NetEase, Inc (Image: NTES). Though BIDU has traded at a current worth of $88.05/share, the typical analyst goal is 29.60% increased at $114.11/share. Equally, JD has 28.91% upside from the current share worth of $36.46 if the typical analyst goal worth of $47.00/share is reached, and analysts on common predict NTES to achieve a goal worth of $112.43/share, which is 21.91% above the current worth of $92.22. Under is a twelve month worth historical past chart evaluating the inventory efficiency of BIDU, JD, and NTES:
Under is a abstract desk of the present analyst goal costs mentioned above:
| Title | Image | Latest Worth | Avg. Analyst 12-Mo. Goal | % Upside to Goal |
|---|---|---|---|---|
| Invesco NASDAQ Subsequent Gen 100 ETF | QQQJ | $31.64 | $36.56 | 15.56% |
| Baidu Inc | BIDU | $88.05 | $114.11 | 29.60% |
| JD.com, Inc. | JD | $36.46 | $47.00 | 28.91% |
| NetEase, Inc | NTES | $92.22 | $112.43 | 21.91% |
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 sound justification for his or her targets, or are they behind the curve on current firm and trade developments? A excessive worth goal relative to a inventory’s buying and selling worth can mirror 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.
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Additionally see:
Financial Dividend Stock List
Conagra Brands Average Annual Return
Top Ten Hedge Funds Holding BIOT
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
