Vanguard Russell 1000 Value ETF Analysts Predict 30% Upside
At ETF Channel, we’ve analyzed the holdings of the ETFs within our coverage and compared each holding’s trading price with the average analyst’s 12-month forward target price. Our findings indicate that the Vanguard Russell 1000 Value ETF (Symbol: VONV) has an implied analyst target price of $95.18 per unit based on its underlying assets.
Currently trading at approximately $73.19 per unit, VONV offers analysts a projected upside of 30.04% when considering the average target prices of its holdings. The ETF’s prominent underlying stocks reflecting substantial upside potential include Thor Industries, Inc. (Symbol: THO), Advance Auto Parts Inc (Symbol: AAP), and Antero Resources Corp (Symbol: AR). Specifically, THO recently traded at $64.74 per share, while analysts anticipate a target of $90.00, suggesting an upside of 39.02%. In comparison, AAP’s average target price of $42.21 implies a potential upside of 38.80% from its recent share price of $30.41. Lastly, analysts expect AR’s shares to reach a target price of $44.67, which translates to an upside of 38.54% from its current price of $32.24. Below is a chart showcasing the twelve-month price performance of THO, AAP, and AR:
For further clarity, we’ve summarized the current analyst target prices in the following table:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| Vanguard Russell 1000 Value ETF | VONV | $73.19 | $95.18 | 30.04% |
| Thor Industries, Inc. | THO | $64.74 | $90.00 | 39.02% |
| Advance Auto Parts Inc | AAP | $30.41 | $42.21 | 38.80% |
| Antero Resources Corp | AR | $32.24 | $44.67 | 38.54% |
Are analysts justified in these targets, or might they be overly optimistic about the future performance of these stocks? Investors should consider whether there are solid grounds for these targets or if they lag behind recent company and sector developments. A lofty target price can signal optimism, but it may also indicate a potential for revisions if the projections are based on outdated data. These are critical questions warranting thorough research from investors.
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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.
