Analyst Target Outlook for iShares MSCI USA Quality Factor ETF
At ETF Channel, we analyzed the constituents of various ETFs. By comparing the trading price of each holding with the average analyst 12-month forward target price, we calculated the weighted average implied target price for the iShares MSCI USA Quality Factor ETF (Symbol: QUAL). The implied analyst target price for QUAL is $207.70 per unit.
Currently, QUAL is trading around $172.26 per unit, indicating that analysts anticipate a 20.57% upside based on the average target prices of the underlying holdings. Among QUAL’s notable holdings are Manhattan Associates, Inc. (Symbol: MANH), NetApp, Inc. (Symbol: NTAP), and Horton Inc (Symbol: DHI), each presenting significant potential for price increases.
For instance, MANH is currently priced at $178.86 per share, but analysts project a target of $247.38, reflecting an upside of 38.30%. Similarly, NTAP’s recent share price of $90.49 suggests a 33.94% upside to its average target price of $121.20. Horton Inc. is expected to rise from its current price of $127.97 to a target of $169.63, indicating a potential 32.56% increase.
Below is a twelve-month price history chart illustrating the performance of MANH, NTAP, and DHI:
Here’s a summary of the current analyst target prices:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| iShares MSCI USA Quality Factor ETF | QUAL | $172.26 | $207.70 | 20.57% |
| Manhattan Associates, Inc. | MANH | $178.86 | $247.38 | 38.30% |
| NetApp, Inc. | NTAP | $90.49 | $121.20 | 33.94% |
| Horton Inc | DHI | $127.97 | $169.63 | 32.56% |
Investors might wonder if analysts are justified in setting these targets. Are these figures overly optimistic given recent developments within the companies and the broader industry? A high target price relative to a stock’s trading value indicates optimism but might also foreshadow possible downgrades if the targets are based on outdated assumptions. These aspects warrant further investigation by 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.
