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 Web ETF (Image: PNQI), we discovered that the implied analyst goal worth for the ETF primarily based upon its underlying holdings is $56.20 per unit.
With PNQI buying and selling at a current worth close to $50.82 per unit, that signifies that analysts see 10.58% upside for this ETF trying via to the typical analyst targets of the underlying holdings. Three of PNQI’s underlying holdings with notable upside to their analyst goal costs are International-E On-line Ltd (Image: GLBE), Journey.com Group Ltd (Image: TCOM), and 1-800 Flowers.com, Inc. (Image: FLWS). Though GLBE has traded at a current worth of $50.90/share, the typical analyst goal is 20.17% greater at $61.17/share. Equally, TCOM has 14.83% upside from the current share worth of $66.68 if the typical analyst goal worth of $76.57/share is reached, and analysts on common expect FLWS to succeed in a goal worth of $9.50/share, which is 11.11% above the current worth of $8.55. Under is a twelve month worth historical past chart evaluating the inventory efficiency of GLBE, TCOM, and FLWS:
Under is a abstract desk of the present analyst goal costs mentioned above:
| Identify | Image | Current Worth | Avg. Analyst 12-Mo. Goal | % Upside to Goal |
|---|---|---|---|---|
| Invesco NASDAQ Web ETF | PNQI | $50.82 | $56.20 | 10.58% |
| International-E On-line Ltd | GLBE | $50.90 | $61.17 | 20.17% |
| Journey.com Group Ltd | TCOM | $66.68 | $76.57 | 14.83% |
| 1-800 Flowers.com, Inc. | FLWS | $8.55 | $9.50 | 11.11% |
Are analysts justified in these targets, or overly optimistic about the place these shares can 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 business developments? A excessive worth goal relative to a inventory’s buying and selling worth can replicate 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:
Preferred Crosses Below Par
FTI Price Target
LMBO Options Chain
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
