Analyst Targets Suggest Potential Growth for SPDR S&P 500 ESG ETF
In examining the holdings of the ETFs we study at ETF Channel, we’ve evaluated the trading prices of individual stocks against analysts’ 12-month forward target prices. This analysis led to the calculation of a weighted average target price for the SPDR S&P 500 ESG ETF (Symbol: EFIV), which stands at $64.33 per unit.
Current Trading Price Indicates Upside Potential
Currently, EFIV is trading at approximately $58.45 per unit, indicating a potential upside of 10.06% based on the average targets of its underlying holdings. Notably, three stocks within EFIV demonstrate significant upside relative to their target prices. Air Products & Chemicals Inc (Symbol: APD), for instance, trades at $310.89 per share, while analysts forecast a target of $344.55 per share, suggesting a possible increase of 10.83%. Similarly, Lamb Weston Holdings Inc (Symbol: LW) shows a potential upside of 10.74%, with its recent price of $74.23 compared to an average target of $82.20. Citigroup Inc (Symbol: C) reflects a 10.71% potential increase, with its recent price being $71.43 against a target of $79.08. Below is a chart highlighting the recent performance of these stocks over the past year:
Summary of Analyst Target Prices
Below is a table summarizing the current analyst target prices for EFIV and its notable holdings:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| SPDR S&P 500 ESG ETF | EFIV | $58.45 | $64.33 | 10.06% |
| Air Products & Chemicals Inc | APD | $310.89 | $344.55 | 10.83% |
| Lamb Weston Holdings Inc | LW | $74.23 | $82.20 | 10.74% |
| Citigroup Inc | C | $71.43 | $79.08 | 10.71% |
Assessing Analyst Targets: Optimism or Caution?
Do analysts’ targets reflect an accurate view of future stock performance, or are they overly optimistic? Analysts’ targets can indicate confidence in growth but may also be based on outdated expectations. High price targets relative to current trading prices can sometimes lead to future downgrades if the initial optimism does not hold true. Investors are encouraged to conduct further research to gauge the validity of these projections.
10 ETFs With Most Upside To Analyst Targets »
Also see:
• NSTD market cap history
• FVE Historical Stock Prices
• Institutional Holders of GNRC
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
