Analysts Predict Strong Growth for SPDR S&P 600 Small Cap Growth ETF
In a recent analysis of ETFs, ETF Channel compared the trading prices of individual holdings to the average analyst’s 12-month forward target prices, resulting in a weighted average implied analyst target price for the SPDR S&P 600 Small Cap Growth ETF (Symbol: SLYG) of $107.65 per unit.
Currently, SLYG trades at approximately $82.29 per unit. This pricing indicates a potential upside of 30.82% based on the average analyst targets of the ETF’s underlying assets. Among these assets, three holdings stand out for their significant upside potential: Summit Hotel Properties Inc (Symbol: INN), Ligand Pharmaceuticals Inc (Symbol: LGND), and The Bancorp Inc (Symbol: TBBK). For instance, although INN is currently priced at $5.77 per share, analysts expect an average target of $8.12 per share, reflecting a 40.81% increase. Similarly, LGND is valued at $107.94, with analysts anticipating it could climb to $147.14, presenting a 36.32% upside. Lastly, TBBK, trading at $50.80, has an average target price of $69.00, suggesting a 35.84% increase.
Below is a twelve-month price history chart comparing the stock performance of INN, LGND, and TBBK:
Here’s a summary table of the current analyst target prices:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| SPDR S&P 600 Small Cap Growth ETF | SLYG | $82.29 | $107.65 | 30.82% |
| Summit Hotel Properties Inc | INN | $5.77 | $8.12 | 40.81% |
| Ligand Pharmaceuticals Inc | LGND | $107.94 | $147.14 | 36.32% |
| The Bancorp Inc | TBBK | $50.80 | $69.00 | 35.84% |
Investors may wonder if these analyst targets are reasonable or overly optimistic projection for stock performance over the next year. It’s crucial to assess the credibility of the analysts’ expectations against recent company and industry developments. A high target price compared to a stock’s trading price may signal optimism but could also lead to potential downgrades if expectations are not met. These considerations warrant further research by investors.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
