Analysts Project Upward Growth for Invesco RAFI Strategic US ETF
In our analysis of ETFs at ETF Channel, we examined the trading prices of holdings compared to average analyst target prices. Notably, for the Invesco RAFI Strategic US ETF (Symbol: IUS), the weighted average implied analyst target price is $58.12 per unit.
Currently, IUS trades at about $48.29 each, suggesting analysts forecast a potential upside of 20.36%. Several underlying holdings indicate significant potential: Knight-Swift Transportation Holdings Inc (Symbol: KNX), Affiliated Managers Group Inc. (Symbol: AMG), and Ternium S A (Symbol: TX). For example, KNX, which recently traded at $45.60 per share, has an average analyst target of $60.94, showing a potential upside of 33.65%. Likewise, AMG, with a recent price of $158.83, has upside potential of 25.56% based on a target price of $199.43. Analysts also expect TX to rise to a target of $40.17 from its recent price of $32.27, representing an upside of 24.47%.
Below is a twelve-month price history chart comparing the stock performance of KNX, AMG, and TX:
Here is a summary table of the current analyst target prices:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| Invesco RAFI Strategic US ETF | IUS | $48.29 | $58.12 | 20.36% |
| Knight-Swift Transportation Holdings Inc | KNX | $45.60 | $60.94 | 33.65% |
| Affiliated Managers Group Inc. | AMG | $158.83 | $199.43 | 25.56% |
| Ternium S A | TX | $32.27 | $40.17 | 24.47% |
Questions arise regarding whether analysts are justified in their targets or overly optimistic about where these stocks might trade in a year. Are the predictions backed by sound reasoning, or do they lag behind recent industry trends? While a high target price suggests optimism, it can also precede potential downgrades if they reflect outdated expectations. Investors are encouraged to conduct further research on these issues.
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Also see:
· OSS shares outstanding history
· Institutional Holders of ATV
· ICAD YTD Return
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
