Analysts Forecast Growth for Invesco QVML ETF and Key Holdings
In a recent analysis by ETF Channel, the performance of Invesco’s S&P 500 QVM Multi-factor ETF (Symbol: QVML) was examined against analyst projections. The analysis revealed an implied target price of $39.42 per unit based on its underlying holdings.
Current Outlook for QVML and Its Leading Holdings
Trading at approximately $35.69, QVML is projected to grow by 10.44%, based on analyst target prices for its holdings. Notably, three major stocks in this ETF—Adobe Inc (Symbol: ADBE), Constellation Energy Corp (Symbol: CEG), and Exelon Corp (Symbol: EXC)—show significant potential for growth. For instance, ADBE, currently priced at $474.63 per share, has a target price set at $606.21, suggesting a potential upside of 27.72%. Similarly, CEG, trading at $239.02, has a projected 18.13% increase target of $282.35 per share. EXC’s target price is $43.20, which is 17.30% above its current price of $36.83. Below is a chart highlighting the stock performance of these companies over the past twelve months:
Target Price Summary
The table below summarizes the recent prices and analyst target forecasts for these stocks:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| Invesco S&P 500 QVM Multi-factor ETF | QVML | $35.69 | $39.42 | 10.44% |
| Adobe Inc | ADBE | $474.63 | $606.21 | 27.72% |
| Constellation Energy Corp | CEG | $239.02 | $282.35 | 18.13% |
| Exelon Corp | EXC | $36.83 | $43.20 | 17.30% |
Are the Analyst Targets Realistic?
Investors may wonder if analysts are being realistic with their forecasts for these stocks. A high target can indicate optimism, but it might also lead to downgrades if it appears the targets are out of touch with actual market conditions. Conducting thorough research is recommended to understand better the dynamics influencing these projections.
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Also see:
– Earnings Surprises
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– VETS Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
