Vanguard Mega Cap Growth ETF Analysts Predict a Bright Future
At ETF Channel, we analyzed the ETFs in our coverage, comparing the trading prices of their holdings to the average analyst 12-month target prices. For the Vanguard Mega Cap Growth ETF (Symbol: MGK), the implied analyst target price stands at $358.68 per unit.
Currently, MGK trades around $325.04 per unit, suggesting that analysts foresee a potential upside of 10.35% based on their average target prices for the ETF’s holdings. Notably, three underlying holdings with significant upside potential include Block Inc (Symbol: SQ), Walt Disney Co. (Symbol: DIS), and Synopsys Inc (Symbol: SNPS). SQ, trading at approximately $69.70 per share, has an average target of $86.29, reflecting a possible 23.81% increase. Likewise, DIS could rise 22.54% from its recent price of $94.13, aiming for an average target of $115.35. Analysts anticipate that SNPS will jump to a target price of $650.31 per share, which is 20.45% higher than its recent price of $539.92. Below is a chart detailing the 12-month price history for SQ, DIS, and SNPS:
Here’s a summary table of the current analyst target prices:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| Vanguard Mega Cap Growth ETF | MGK | $325.04 | $358.68 | 10.35% |
| Block Inc | SQ | $69.70 | $86.29 | 23.81% |
| Walt Disney Co. | DIS | $94.13 | $115.35 | 22.54% |
| Synopsys Inc | SNPS | $539.92 | $650.31 | 20.45% |
This raises the question: are analysts’ targets reasonable, or perhaps overly optimistic? Investors should assess if there are sound reasons behind these forecasts or if they are outdated in light of recent developments in the companies and their respective industries. While high upside targets may reflect a positive outlook, they could also signal potential downgrades if the basis for these targets no longer holds true. Investors will benefit from conducting their own research.
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Also see:
• Cheap Dividend Stocks
• Wells Fargo Average Annual Return
• Institutional Holders of SBA Communications
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
