In analyzing the holdings of the ETFs in our coverage universe at ETF Channel, we have juxtaposed the trading price of each holding against the average analyst 12-month forward target price. We computed the weighted average implied analyst target price for the ETF itself and discovered that for the Vanguard Communication Services ETF (Symbol: VOX), the implied analyst target price based upon its underlying holdings is $143.69 per unit.
Currently, VOX is trading at a recent price near $127.43 per unit, indicating that analysts foresee a 12.76% upside for this ETF when considering the average analyst targets of the underlying holdings. Notable among VOX’s underlying holdings with upside potential to their analyst target prices are System1 Inc (Symbol: SST), Liberty Broadband Corp (Symbol: LBRDA), and Cardlytics Inc (Symbol: CDLX).
Despite SST trading at a recent price of $2.10/share, the average analyst target is significantly higher at $5.00/share, a robust 138.10% increase. Similarly, LBRDA exhibits a 121.08% upside from the recent share price of $60.46 if the average analyst target price of $133.67/share is achieved. Analysts, on average, anticipate CDLX to reach a target price of $11.00/share, marking a 66.67% increase from the recent price of $6.60. The historical price chart below depicts the 12-month performance of these stocks:
Moreover, we present a summary table of the current analyst target prices for the aforementioned holdings:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| Vanguard Communication Services ETF | VOX | $127.43 | $143.69 | 12.76% |
| System1 Inc | SST | $2.10 | $5.00 | 138.10% |
| Liberty Broadband Corp | LBRDA | $60.46 | $133.67 | 121.08% |
| Cardlytics Inc | CDLX | $6.60 | $11.00 | 66.67% |
Are these analysts justified in their targets, or are they being overly optimistic about the future stance of these stocks 12 months from now? Do these experts possess valid reasoning for their targets, or are they trailing behind recent company and industry developments?
A lofty price target in relation to a stock’s trading price may signify optimism about the future; however, it could also foreshadow target price downgrades if these targets are outdated. These are the queries that necessitate deeper investor research.
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Also see:
Institutional Holders of PUMP
BLX Next Dividend Date
ETFs Holding ARCC
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
