Analysts Expect Significant Upside for iShares U.S. Healthcare Providers ETF
In analyzing the ETFs within our coverage at ETF Channel, we assessed the trading prices of their underlying holdings against the average 12-month forward target prices set by analysts. For the iShares U.S. Healthcare Providers ETF (Symbol: IHF), the weighted average implied analyst target price stands at $61.90 per unit.
Currently priced at approximately $53.94 per unit, IHF presents analysts’ expectations of a 14.76% upside based on projected prices of the underlying stocks. Notable underlying holdings contributing to this outlook include Waystar Holding Corp (Symbol: WAY), Pennant Group Inc (Symbol: PNTG), and Phreesia Inc (Symbol: PHR). Recently, WAY traded at $37.52 per share, with an analyst target price averaging 32.29% higher at $49.64. Similarly, PNTG’s recent share price is $25.19, suggesting 31.80% upside to its target of $33.20. Meanwhile, analysts expect PHR to reach a price of $31.80, indicating a 26.19% increase from its current price of $25.20. Below, you can find a twelve-month price performance chart for WAY, PNTG, and PHR:
The summary table below outlines the current analyst target prices for the mentioned stocks:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| iShares U.S. Healthcare Providers ETF | IHF | $53.94 | $61.90 | 14.76% |
| Waystar Holding Corp | WAY | $37.52 | $49.64 | 32.29% |
| Pennant Group Inc | PNTG | $25.19 | $33.20 | 31.80% |
| Phreesia Inc | PHR | $25.20 | $31.80 | 26.19% |
As investors consider these targets, one must question whether analysts are justified or overly optimistic about future price movements. Are their price predictions based on solid foundations, or are they struggling to adapt to recent changes within the industry and specific companies? While a high price target can reflect optimism for the future, it may also signal potential downgrades if those targets are outdated. These considerations warrant thorough research by investors.
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Also see:
• Services Stocks Hedge Funds Are Buying
• FKO YTD Return
• BCC Market Cap History
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
