Analysts Predict Upside for Invesco S&P MidCap Low Volatility ETF
Recent analysis of ETF holdings indicates a bright outlook for investors in the Invesco S&P MidCap Low Volatility ETF (Symbol: XMLV), with potential gains forecasted based on expert target prices.
The implied analyst target price for XMLV is $68.50 per unit, while the ETF is currently trading around $61.11. This suggests that analysts anticipate a 12.09% increase in value within the next 12 months. A closer look into XMLV’s notable underlying holdings reveals three stocks with significant upside potential: Dolby Laboratories Inc (Symbol: DLB), CACI International Inc (Symbol: CACI), and Federated Hermes Inc (Symbol: FHI). Despite recent trading at $81.34 per share, DLB’s average analyst target is $100.00, indicating a possible 22.94% increase. CACI, priced recently at $446.78, has an average target of $508.36, offering a 13.78% upside. FHI, trading at $38.45, shows potential for a 12.16% rise with a target of $43.12.
A summary table of the discussed stocks highlights their recent prices, average analyst target prices, and expected upside:
Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
---|---|---|---|---|
Invesco S&P MidCap Low Volatility ETF | XMLV | $61.11 | $68.50 | 12.09% |
Dolby Laboratories Inc | DLB | $81.34 | $100.00 | 22.94% |
CACI International Inc | CACI | $446.78 | $508.36 | 13.78% |
Federated Hermes Inc | FHI | $38.45 | $43.12 | 12.16% |
Determining whether analysts are justified in their target prices or being overly optimistic remains crucial. Investors should consider whether these targets reflect realistic future valuations, or if they might be outdated in light of recent information. An optimistic price target could be indicative of growth, but may also lead to adjustments if assumptions do not hold true, necessitating further 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.