Analysts See Strong Upside for Putnam Sustainable Leaders ETF
In our analysis of the ETFs in our coverage universe at ETF Channel, we examined the trading prices of each holding against average analyst 12-month forward target prices. We calculated the weighted average implied analyst target price for the Putnam Sustainable Leaders ETF (Symbol: PLDR) to be $36.31 per unit.
Currently, PLDR is trading at approximately $31.11 per unit, suggesting a potential upside of 16.71% according to analysts’ forecasts for its underlying holdings. Notably, three holdings within PLDR have substantial upside potential: Constellation Energy Corp (Symbol: CEG), Broadcom Inc (Symbol: AVGO), and Accenture plc (Symbol: ACN). CEG is trading at $247.51, with an average analyst target of $298.13, indicating a 20.45% rise. AVGO’s current price of $203.64 points to an 18.71% gain if its target price reaches $241.74. Similarly, ACN is valued at $305.33, with an expected target of $361.04, equating to an 18.25% upside. Below is a 12-month price history chart that illustrates the stock performance of CEG, AVGO, and ACN:
Together, CEG, AVGO, and ACN make up 5.25% of the Putnam Sustainable Leaders ETF. Here’s a summary of the current analyst target prices:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| Putnam Sustainable Leaders ETF | PLDR | $31.11 | $36.31 | 16.71% |
| Constellation Energy Corp | CEG | $247.51 | $298.13 | 20.45% |
| Broadcom Inc | AVGO | $203.64 | $241.74 | 18.71% |
| Accenture plc | ACN | $305.33 | $361.04 | 18.25% |
Are analysts justified in these targets, or are they being overly optimistic about these stocks within the next 12 months? It raises the question of whether analysts have clear reasons for their expectations or if they are lagging behind recent company and industry changes. High target prices compared to current trading prices might signal optimism, but they could also precede downgrades if they don’t align with market developments. Investors are advised to conduct further research on these matters.
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The views and opinions expressed herein are the author’s and do not necessarily reflect those of Nasdaq, Inc.
