Market Insights: Analysts See Potential Upside for Defiance Large Cap ex-Mag 7 ETF
In examining the ETFs we cover at ETF Channel, we compared each holding’s trading price to the average analyst’s 12-month target price. This analysis led us to determine a weighted average implied analyst target price for the Defiance Large Cap ex-Mag 7 ETF (Symbol: XMAG), which stands at $22.44 per unit.
Currently trading at approximately $20.37, XMAG shows a projected upside of 10.17% based on these analysts’ target prices. Among XMAG’s holdings, three companies stand out with significant potential for growth: Veeva Systems Inc (Symbol: VEEV), Dominion Energy Inc (Symbol: D), and Carlisle Companies Inc. (Symbol: CSL). For instance, VEEV’s recent price of $233.85 is notably below the average analyst target of $266.68, suggesting a 14.04% increase. Similarly, D, which recently traded at $54.27, has a target of $60.14, indicating a potential upside of 10.82%. Furthermore, CSL, priced at $427.06, is projected to rise to $471.67, reflecting a 10.44% increase. The chart below illustrates the twelve-month price history of VEEV, D, and CSL:
Here is a summary of the current analyst target prices discussed:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| Defiance Large Cap ex-Mag 7 ETF | XMAG | $20.37 | $22.44 | 10.17% |
| Veeva Systems Inc | VEEV | $233.85 | $266.68 | 14.04% |
| Dominion Energy Inc | D | $54.27 | $60.14 | 10.82% |
| Carlisle Companies Inc. | CSL | $427.06 | $471.67 | 10.44% |
Are the analysts’ targets justified, or do they reflect over-optimism about the future of these stocks? Additionally, one must consider whether these targets account for recent developments in the companies or industries involved. High targets versus current prices may suggest a positive outlook, yet they could also foreshadow potential downgrades if they do not align with current realities. Investors should conduct thorough research to decipher the reasoning behind these price targets.
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Also see:
• MLM Price Target
• Funds Holding NAME
• Institutional Holders of SFG
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
