Analyst Insights: Evaluating Target Prices for Top Holdings in SPYD ETF
In our latest analysis at ETF Channel, we explored the underlying assets of the SPDR Portfolio S&P 500 High Dividend ETF (Symbol: SPYD). By comparing each holding’s trading price to its projected analyst target price over the next 12 months, we determined that SPYD’s implied analyst target price is $49.59 per unit.
Currently trading at approximately $45.23 per unit, analysts predict a potential upside of 9.63% for SPYD according to the expected targets for its underlying holdings. Notable stocks within SPYD showing significant upside include Regions Financial Corp (Symbol: RF), Fifth Third Bancorp (Symbol: FITB), and Extra Space Storage Inc (Symbol: EXR). For instance, RF, priced at $25.05 per share, has a target price projected to be 10.54% higher at $27.69 per share. Likewise, FITB, currently at $45.54, could rise by 10.29%, reaching an average target of $50.23 per share. Analysts also expect EXR to hit a target price of $175.18 per share, a 10.23% increase from its recent price of $158.92. Below is a twelve-month price history chart compared across these stocks:
The following table summarizes the current analyst target prices for these stocks:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| SPDR Portfolio S&P 500 High Dividend ETF | SPYD | $45.23 | $49.59 | 9.63% |
| Regions Financial Corp | RF | $25.05 | $27.69 | 10.54% |
| Fifth Third Bancorp | FITB | $45.54 | $50.23 | 10.29% |
| Extra Space Storage Inc | EXR | $158.92 | $175.18 | 10.23% |
Are the analysts’ targets reasonable, or perhaps overly optimistic regarding these stocks’ future pricing? It’s critical for investors to assess whether the analysts’ viewpoints align with recent developments in the companies and their industries. A significant target price compared to the stock’s current trading price can indicate optimism, yet it may also foreshadow potential downgrades if those targets aren’t realistically supported by market trends. These are crucial considerations for any investor to research further.
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Also see:
• AURC shares outstanding history
• JMPC Historical Stock Prices
• Institutional Holders of SKUL
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
