Analyst Targets Suggest Strong Upside for Vanguard Mega Cap Value ETF
At ETF Channel, we have analyzed the underlying holdings of the ETFs in our coverage. By comparing the trading price of each holding with the average analyst 12-month forward target price, we calculated a weighted average implied analyst target price for the Vanguard Mega Cap Value ETF (Symbol: MGV). Our findings indicate that the implied target price for the ETF is $141.40 per unit.
Currently, MGV is trading at around $120.37 per unit, suggesting analysts project a 17.47% upside based on their average targets for the underlying stocks. Among MGV’s holdings, three companies stand out with significant upside potential: Occidental Petroleum Corp (Symbol: OXY), Fiserv Inc (Symbol: FI), and Stryker Corp (Symbol: SYK). OXY’s recent trading price is $39.71 per share, yet analysts have an average target of $51.08 per share, reflecting a 28.64% increase. Similarly, FI has an upside of 20.18%, rising from its recent price of $208.66 to an expected $250.76 per share. Analysts also anticipate SYK to reach a target price of $413.62 per share, representing a 19.37% increase from its current price of $346.50. Below is a twelve-month price history chart illustrating the performance of OXY, FI, and SYK:
We summarize the current analyst target prices in the table below:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| Vanguard Mega Cap Value ETF | MGV | $120.37 | $141.40 | 17.47% |
| Occidental Petroleum Corp | OXY | $39.71 | $51.08 | 28.64% |
| Fiserv Inc | FI | $208.66 | $250.76 | 20.18% |
| Stryker Corp | SYK | $346.50 | $413.62 | 19.37% |
Are analysts justified in setting these targets, or are they being overly optimistic about future stock prices? Investors must determine whether the analysts’ expectations are grounded in recent developments in the companies and industries involved. While a high target price can signify optimism about future performance, it may also signal potential downgrades if targets do not align with current market conditions. These considerations should be part of any thorough investor research.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
