Analyst Target Prices Point to Significant Upside for ESGV ETF
At ETF Channel, we examined the underlying holdings of the ETFs we cover to uncover insights into their potential performance. For the Vanguard ESG U.S. Stock ETF (Symbol: ESGV), the average implied analyst target price for the ETF stands at $122.57 per unit. This figure is calculated using the current trading prices of its underlying holdings compared to their respective 12-month forward target prices.
Currently, ESGV is trading around $99.10 per unit, which translates to an anticipated upside of 23.68% based on analysts’ predictions for its underlying assets’ future performance. Among these holdings, three notable stocks exhibiting considerable upside potential are CarGurus Inc. (Symbol: CARG), Global Net Lease Inc. (Symbol: GNL), and Energizer Holdings Inc. (Symbol: ENR).
For instance, CarGurus is priced at $29.51 per share, but analysts have set a target price that is 30.04% higher at $38.38. Global Net Lease is currently priced at $7.95, with a target price of $10.00 that reflects a potential upside of 25.79%. Additionally, Energizer is trading at $29.97, while analysts expect its price to rise to $37.38—an increase of 24.71% from its recent trading price. Below is a twelve-month price history chart illustrating the stock performance of CARG, GNL, and ENR:
In summary, here’s a table displaying the current analyst target prices for the discussed stocks:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| Vanguard ESG U.S. Stock ETF | ESGV | $99.10 | $122.57 | 23.68% |
| CarGurus Inc | CARG | $29.51 | $38.38 | 30.04% |
| Global Net Lease Inc | GNL | $7.95 | $10.00 | 25.79% |
| Energizer Holdings Inc | ENR | $29.97 | $37.38 | 24.71% |
These price targets raise a critical question: Are analysts accurately predicting these future values, or are they overly optimistic? Investors should consider the rationale behind these targets, assessing whether they reflect current market conditions and company developments. While a significantly higher price target can signify confidence in future growth, it also risks being seen as outdated if it fails to keep pace with emerging trends. Further research is warranted.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
