In a recent evaluation of key ETFs at ETF Channel, we’ve analyzed the trading prices of underlying holdings against the average 12-month target prices predicted by analysts. The findings reveal that the iShares Dow Jones U.S. ETF (Symbol: IYY) has an implied analyst target price of $164.42 per unit.
Currently, IYY is trading around $147.55 per unit. This suggests that analysts anticipate an upside potential of 11.43% based on their projections for the ETF’s underlying assets. Among the holdings with significant upside potential are Rivian Automotive Inc (Symbol: RIVN), KeyCorp (Symbol: KEY), and Frontier Communications Parent Inc (Symbol: FYBR). Rivian, currently priced at $13.29 per share, has an average analyst target of $15.29, indicating a possible increase of 15.06%. For KeyCorp, trading at $17.64, analysts foresee a rise to $20.11, which equates to a 14.01% upswing. Furthermore, Frontier Communications is expected to reach a target price of $40.44, which reflects a 13.16% increase from its current price of $35.74. Take a look at the 12-month price history for RIVN, KEY, and FYBR below:
Here’s a detailed summary of the current analyst target prices:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| iShares Dow Jones U.S. ETF | IYY | $147.55 | $164.42 | 11.43% |
| Rivian Automotive Inc | RIVN | $13.29 | $15.29 | 15.06% |
| KeyCorp | KEY | $17.64 | $20.11 | 14.01% |
| Frontier Communications Parent Inc | FYBR | $35.74 | $40.44 | 13.16% |
Investors may wonder if analysts have justifiable reasons for their target prices, or if they might be overly optimistic about future stock performance. A high target in comparison to current trading prices can signal a positive outlook but risks adjustments if those targets fail to account for recent developments in the industry. Such considerations merit further research by investors.
10 ETFs With Most Upside To Analyst Targets »
Also see:
• Top Ten Hedge Funds Holding JRJR
• Top Ten Hedge Funds Holding COHU
• OPI Options Chain
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
