Analysts See Significant Upside for iShares Core S&P Small-Cap ETF
In a recent analysis of exchange-traded funds (ETFs), ETF Channel examined the holdings within its coverage universe. By comparing the trading prices of these holdings to their average analyst 12-month forward target prices, they calculated the weighted average implied target price for the iShares Core S&P Small-Cap ETF (Symbol: IJR). The resulting implied target price for IJR stands at $131.30 per unit.
Currently, IJR is trading near $97.89 per unit, indicating that analysts project an upside of 34.13% based on average target prices of its underlying holdings. Among these holdings, three stand out for their potential upside: Trupanion Inc (Symbol: TRUP), Saul Centers Inc (Symbol: BFS), and Artivion Inc (Symbol: AORT). Trupanion, trading at $35.68 per share, has an average analyst target of $54.75—implying a significant upside of 53.45%. Likewise, Saul Centers shows a potential for 42.81% upside from its recent price of $32.91 towards a target of $47.00. Meanwhile, analysts estimate that Artivion could reach a target price of $32.33, signifying a potential increase of 35.94% from its recent price of $23.79.
Below is a twelve-month price history chart illustrating the stock performance of TRUP, BFS, and AORT:
Here is a summary table detailing the current analyst target prices discussed:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| iShares Core S&P Small-Cap ETF | IJR | $97.89 | $131.30 | 34.13% |
| Trupanion Inc | TRUP | $35.68 | $54.75 | 53.45% |
| Saul Centers Inc | BFS | $32.91 | $47.00 | 42.81% |
| Artivion Inc | AORT | $23.79 | $32.33 | 35.94% |
The question remains whether analysts are justified in their projections or overly optimistic about future trading levels for these stocks. Investors may consider whether analysts have valid reasoning for their target prices or if they are out of touch with recent market developments. Target prices that seem high relative to a stock’s current trading price could indicate optimism about future performance, yet they may also signal potential downgrades if market realities shift. Consequently, investors should conduct further research.
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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.
