Analysts Predict Valuable Upside for Avantis U.S. Large Cap Value ETF
As we explore the ETFs covered at ETF Channel, we analyzed the trading prices of various underlying holdings against their 12-month average analyst target prices. For the Avantis U.S. Large Cap Value ETF (Symbol: AVLV), the calculated implied target price is $77.07 per unit.
Current Trading Conditions and Analyst Opinions
Currently, AVLV is trading at about $70.03 per unit. This suggests that analysts forecast a potential upside of 10.05% for this ETF, based on their expectations for the underlying assets. Among the ETF’s top holdings, Flex Ltd (Symbol: FLEX), Baker Hughes Company (Symbol: BKR), and Expand Energy Corp (Symbol: EXE) show particularly significant upside potential. FLEX recently traded at $38.85 per share, but its average analyst target sits at $43.86, indicating a potential increase of 12.89%. Similarly, BKR has a current price of $43.54, with an expected target of $48.17, representing a 10.64% upside. Meanwhile, EXE is trading at $101.42, with a substantial target of $112.14, leading to a 10.57% potential increase. The chart below displays a twelve-month price history for FLEX, BKR, and EXE:
Summary of Analyst Target Prices
The table below summarizes the analyst target prices discussed:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| Avantis U.S. Large Cap Value ETF | AVLV | $70.03 | $77.07 | 10.05% |
| Flex Ltd | FLEX | $38.85 | $43.86 | 12.89% |
| Baker Hughes Company | BKR | $43.54 | $48.17 | 10.64% |
| Expand Energy Corp | EXE | $101.42 | $112.14 | 10.57% |
Evaluating Analyst Predictions
Are analysts warranted in their target predictions, or do they hold overly optimistic views about future stock prices? It’s crucial to consider whether analysts base their targets on valid company and industry insights, or if their expectations are outdated. A high target relative to a stock’s trading price can indicate optimism, but it may also lead to future downgrades if targets were based on earlier conditions. These are important questions that investors should explore further.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
