Analyst Target Prices Suggest Significant Upside for SPTM ETF
In analyzing the exchange-traded funds (ETFs) within our coverage at ETF Channel, we’ve compared the trading prices of each holding against the average analyst 12-month forward target prices. From this, we calculated the weighted average implied target price for the SPDR Portfolio S&P 1500 Composite Stock Market ETF (Symbol: SPTM). The implied analyst target price is $83.58 per unit.
Currently, SPTM is trading at approximately $68.23 per unit. This indicates that analysts foresee a 22.49% upside for this ETF, based on the average target prices of its underlying holdings. Notably, three of these holdings—MYR Group Inc (Symbol: MYRG), CoreCivic Inc (Symbol: CXW), and Verra Mobility Corp (Symbol: VRRM)—stand out with considerable upside to their analyst target prices.
At a recent price of $106.08 per share, MYRG’s average analyst target is $156.33, suggesting a potential upside of 47.37%. Similarly, CXW, currently at $19.00, has a target price of $28.00, also reflecting an upside of 47.37%. For VRRM, with a recent price of $20.22, analysts project a target of $29.10, which is 43.92% above its current trading price. Below, we present a twelve-month price history chart that compares the stock performance of MYRG, CXW, and VRRM:
For a clear overview, here is a summary table of the current analyst target prices mentioned:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| SPDR Portfolio S&P 1500 Composite Stock Market ETF | SPTM | $68.23 | $83.58 | 22.49% |
| MYR Group Inc | MYRG | $106.08 | $156.33 | 47.37% |
| CoreCivic Inc | CXW | $19.00 | $28.00 | 47.37% |
| Verra Mobility Corp | VRRM | $20.22 | $29.10 | 43.92% |
These analyst targets raise important questions: Are they justified, or potentially too optimistic about future stock performance over the next year? Investors need to consider whether analysts have sound reasoning for their predictions or if they might be out of touch with recent developments in the industry. A high target price in relation to a stock’s trading price can indicate optimism but may also foreshadow potential downgrades if the targets are based on outdated information. Investors are encouraged to conduct further research on these matters.
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also see:
• Institutional Holders of PX
• FIVN Stock Predictions
• CAT Split History
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
