Analysts Predict Upside for Invesco S&P 500 Revenue ETF
ETF Channel analyzed the trading prices of ETFs in its coverage universe, focusing on the Invesco S&P 500 Revenue ETF (Symbol: RWL). The ETF’s implied analyst target price, based on underlying holdings, is $113.11 per unit.
Currently, RWL is trading at approximately $100.22 per unit, indicating a potential upside of 12.86% according to analysts’ average targets. Notable holdings contributing to this upside include Newmont Corp (Symbol: NEM), Assurant Inc (Symbol: AIZ), and Charles River Laboratories International Inc. (Symbol: CRL). NEM’s recent price is $52.85 per share, with an average analyst target of $62.46 per share, suggesting an 18.18% upside. AIZ, trading at $197.94, has a target price of $233.00, indicating a potential upswing of 17.71%. CRL, currently priced at $136.25, has an average target of $158.64, up 16.43%.
Here’s a summary of the analyst target prices:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| Invesco S&P 500 Revenue ETF | RWL | $100.22 | $113.11 | 12.86% |
| Newmont Corp | NEM | $52.85 | $62.46 | 18.18% |
| Assurant Inc | AIZ | $197.94 | $233.00 | 17.71% |
| Charles River Laboratories International Inc. | CRL | $136.25 | $158.64 | 16.43% |
The validity of these targets raises questions about whether analysts are being optimistic or if their forecasts are grounded in solid fundamentals. High price targets may point to future growth, yet they could also lead to target adjustments if they are based on outdated information. Investors should carry out further research to determine the implications of these predictions.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
