“Breaking Down the Components: IJT Sets a Price Target of $159”

Analysts Project Significant Upside for iShares S&P Small-Cap 600 Growth ETF

At ETF Channel, we have analyzed the ETFs in our coverage universe by comparing the trading price of each underlying holding with the average analyst 12-month forward target price. This analysis resulted in a weighted average implied analyst target price for the iShares S&P Small-Cap 600 Growth ETF (Symbol: IJT), which stands at $158.54 per unit.

Currently, IJT is trading at approximately $117.90 per unit. This price indicates that analysts anticipate a notable upside of 34.47% for the ETF based on the average target prices of its underlying holdings. Among IJT’s holdings, Core Natural Resources Inc (Symbol: CNR), Harmony Biosciences Holdings Inc (Symbol: HRMY), and WillScot Holdings Corp (Symbol: WSC) show significant potential gains relative to their analysts’ target prices.

CNR, with a recent trading price of $67.70 per share, has an average analyst target price of $109.33 per share, representing a potential upside of 61.50%. Similarly, HRMY is projected to rise by 59.83% from its recent price of $30.97, with an average target of $49.50. Analysts foresee a target price of $40.62 for WSC, which is 58.07% above its recent price of $25.70. The chart below illustrates the twelve-month price history of CNR, HRMY, and WSC:

CNR, HRMY, and WSC Relative Performance Chart

Here is a summary table of the current analyst target prices discussed above:

Name	Symbol	Recent Price	Avg. Analyst 12-Mo. Target	% Upside to Target
iShares S&P Small-Cap 600 Growth ETF	IJT	$117.90	$158.54	34.47%
Core Natural Resources Inc	CNR	$67.70	$109.33	61.50%
Harmony Biosciences Holdings Inc	HRMY	$30.97	$49.50	59.83%
WillScot Holdings Corp	WSC	$25.70	$40.62	58.07%

Investors may wonder whether analysts are justified in these targets or if they are overly optimistic about future stock performance. It is essential to assess the validity of these targets in light of recent company and industry developments. A high price target that exceeds a stock’s current trading price can indicate optimism for growth; however, it may also lead to potential target price downgrades if deemed outdated. These considerations warrant careful examination by investors.

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