Analysts Expect Growth for Invesco S&P 500 Revenue ETF and Key Holdings
At ETF Channel, we analyzed the performance of the Invesco S&P 500 Revenue ETF (Symbol: RWL) by examining its underlying holdings. The weighted average implied analyst target price for RWL stands at $108.40 per unit, while it is currently trading at about $98.89. This suggests analysts anticipate a 9.62% increase for the ETF based on these targets.
Included in RWL are prominent companies such as Xylem Inc (Symbol: XYL), Target Corp (Symbol: TGT), and Wynn Resorts Ltd (Symbol: WYNN), each showing potential for significant upward movement. Xylem trades at $132.52 a share, but analysts project an average target of $156.73, indicating an upside of 18.27%. Target’s recent price of $150.91 suggests it could reach $177.74, representing a 17.78% increase. Similarly, Wynn’s current price of $98.37 could grow by 17.22% to reach an analyst target of $115.31. Below is a twelve-month price history chart that illustrates the stock performance of these companies:
Here’s a summary table of the current analyst targets:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| Invesco S&P 500 Revenue ETF | RWL | $98.89 | $108.40 | 9.62% |
| Xylem Inc | XYL | $132.52 | $156.73 | 18.27% |
| Target Corp | TGT | $150.91 | $177.74 | 17.78% |
| Wynn Resorts Ltd | WYNN | $98.37 | $115.31 | 17.22% |
The projections raise critical questions: Are these targets realistic or overly optimistic? How have recent developments in the companies and their industries influenced these forecasts? While high target prices may indicate confidence in a company’s growth, they could also lead to future downgrades if they no longer reflect the current market environment. Investors should conduct their own research to navigate these uncertainties.
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Also see:
• IBP Next Dividend Date
• MFM shares outstanding history
• GBNH shares outstanding history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
