Analysts Forecast Significant Upside for Vanguard Tech ETF and Holdings
In an analysis of ETF performance, ETF Channel has evaluated each ETF’s underlying holdings, comparing trading prices to average analyst 12-month forward target prices. The findings indicate that the Vanguard Information Technology ETF (Symbol: VGT) has an implied analyst target price of $696.86 per unit based on its holdings.
Currently trading at approximately $478.60 per unit, VGT presents a potential upside of 45.60%, according to analysts’ projections for the ETF’s underlying stocks. Notably, three holdings—Core Scientific Inc (Symbol: CORZ), Hut 8 Corp (Symbol: HUT), and Pagaya Technologies Ltd (Symbol: PGY)—show significant upside potential relative to their analyst target prices. While CORZ is trading at $7.18 per share, the average analyst target is projected to be $19.68, suggesting an impressive 174.07% upside. Similarly, HUT’s current price of $11.39 suggests a potential rise of 172.91%, given the target of $31.08. Lastly, analysts expect PGY to reach a target price of $22.55, indicating a 134.95% upside from the recent price of $9.60. Below is a twelve-month price history chart for CORZ, HUT, and PGY:
Below is a summary table detailing the current analyst target prices for these stocks:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| Vanguard Information Technology ETF | VGT | $478.60 | $696.86 | 45.60% |
| Core Scientific Inc | CORZ | $7.18 | $19.68 | 174.07% |
| Hut 8 Corp | HUT | $11.39 | $31.08 | 172.91% |
| Pagaya Technologies Ltd | PGY | $9.60 | $22.55 | 134.95% |
Are analyst targets for these companies reasonable, or too optimistic? Investors must consider if analysts have valid justifications for their predictions or if recent developments are being overlooked. A high target price relative to a stock’s current trading can reflect optimism but may also lead to revisions downwards if the targets are not aligned with market conditions. Thorough research is recommended to assess these prospects.
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also see:
• Lamb Weston Holdings shares outstanding history
• MDLZ Average Annual Return
• Institutional Holders of POWI
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
