Analysts See Strong Upside Potential for iShares Russell 1000 Value ETF
In evaluating the ETFs within our coverage at ETF Channel, we analyzed the trading prices of individual holdings alongside the average 12-month forward target prices set by analysts. For the iShares Russell 1000 Value ETF (Symbol: IWD), our analysis indicates an implied analyst target price of $218.20 per unit based on its underlying securities.
Currently, IWD is trading at approximately $166.87 per unit, suggesting analysts anticipate a potential upside of 30.76% as they align with the average target expectations of the ETF’s components. Among IWD’s top holdings, Lincoln National Corp. (Symbol: LNC), BOK Financial Corp. (Symbol: BOKF), and Range Resources Corp. (Symbol: RRC) stand out for their significant upside potential. LNC, priced at $28.85 per share, has a target price that is 37.49% higher, at $39.67 per share. Similarly, BOKF’s recent trading price is $89.07, with an associated target price of $120.89, translating to a 35.72% upside. RRC is expected to reach a target price of $42.39 per share, which represents a 32.33% increase from its recent price of $32.03. Below is a twelve-month price history chart comparing the stock performance of LNC, BOKF, and RRC:
In addition, we have prepared a summary table that details the current analyst target prices for the discussed companies:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| iShares Russell 1000 Value ETF | IWD | $166.87 | $218.20 | 30.76% |
| Lincoln National Corp. | LNC | $28.85 | $39.67 | 37.49% |
| BOK Financial Corp | BOKF | $89.07 | $120.89 | 35.72% |
| Range Resources Corp | RRC | $32.03 | $42.39 | 32.33% |
These projections raise critical questions: Are analysts justified in their target prices, or are they overly optimistic about future market conditions for these stocks? Moreover, do they accurately reflect recent developments in the companies or their respective industries? A higher target price in relation to a stock’s current trading price can signal optimism but may also indicate potential downgrades if these targets are based on outdated information. Investors are encouraged to conduct thorough research before making investment decisions.
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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.
