Analyst Target Upsides for ActivePassive U.S. Equity ETF Explored
In our analysis of the ETFs under review at ETF Channel, we assessed the trading price of each underlying holding compared to the average analyst’s 12-month forward target price. This led us to calculate the weighted average implied target price for the ActivePassive U.S. Equity ETF (Symbol: APUE), which stands at $39.35 per unit.
Current Price and Analyst Upside
As APUE is currently trading at approximately $35.35 per unit, analysts project an upside of 11.33% based on these targets for the ETF’s underlying holdings. Notably, three holdings within APUE demonstrate significant upside potential: First Industrial Realty Trust Inc (Symbol: FR), M&T Bank Corp (Symbol: MTB), and Analog Devices Inc (Symbol: ADI).
First Industrial Realty Trust, which recently traded at $48.71 per share, has an average analyst target price of $54.53, indicating an upside of 11.95%. Similarly, M&T Bank Corp shows 11.74% upside potential from its recent share price of $179.95, with a target price of $201.07. For Analog Devices, analysts expect a target price of $248.03, reflecting an upside of 11.62% above its recent price of $222.22.
Performance Overview
The chart below illustrates a twelve-month price history comparing FR, MTB, and ADI:
Summary of Analyst Target Prices
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| ActivePassive U.S. Equity ETF | APUE | $35.35 | $39.35 | 11.33% |
| First Industrial Realty Trust Inc | FR | $48.71 | $54.53 | 11.95% |
| M&T Bank Corp | MTB | $179.95 | $201.07 | 11.74% |
| Analog Devices Inc | ADI | $222.22 | $248.03 | 11.62% |
Analyst Targets: Justified or Overly Optimistic?
Investors may wonder if the analysts’ targets are justified or reflect an overly optimistic view of future stock performance. Are the current targets valid based on recent market conditions, or might they be lagging behind developments in the industry? High price targets in relation to current trading prices can signal optimism, yet they may also lead to future downgrades if rooted in outdated assumptions. These topics warrant careful consideration as investors conduct their research.
10 ETFs With Most Upside To Analyst Targets »
Additional Insights:
▪ Institutional Holders of UFIV
▪ GFGD shares outstanding history
▪ SMIH YTD Return
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
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