Analysts Predict Significant Upside for iShares Core S&P U.S. Growth ETF
In our analysis of ETFs at ETF Channel, we evaluated the trading prices of underlying holdings against the average 12-month analyst target prices. This analysis determined the weighted average implied analyst target price for the iShares Core S&P U.S. Growth ETF (Symbol: IUSG) to be $155.84 per unit.
Currently, IUSG is trading at approximately $133.59 per unit. This suggests a potential upside of 16.66%, based on the average targets of its underlying holdings. Key holdings contributing notably to this target are American Airlines Group Inc (Symbol: AAL), Coherent Corp (Symbol: COHR), and Flowserve Corp (Symbol: FLS). AAL’s recent trading price is $10.52 per share, while analysts project a 37.60% increase to an average target of $14.47 per share. Similarly, COHR shows a 37.06% upside potential, with a recent price of $71.64 and an analyst target of $98.19 per share. For FLS, the current price is $47.48, with analysts expecting it to rise 35.00% to a target price of $64.10.
Below is a 12-month performance chart comparing the stock performance of AAL, COHR, and FLS:
The following table summarizes the current analyst target prices discussed:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| iShares Core S&P U.S. Growth ETF | IUSG | $133.59 | $155.84 | 16.66% |
| American Airlines Group Inc | AAL | $10.52 | $14.47 | 37.60% |
| Coherent Corp | COHR | $71.64 | $98.19 | 37.06% |
| Flowserve Corp | FLS | $47.48 | $64.10 | 35.00% |
The questions now arise: Are the analysts justified in their targets? Are these predictions overly optimistic regarding potential future trading prices? Meeting their targets would require justifiable reasons based on recent company and industry developments. Optimistic price targets, while suggesting potential growth, can also lead to downgrades if they are based on outdated assessments. Investors should conduct further research to navigate these concerns.
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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.
