Analysts See 11.62% Upside for iShares Core S&P U.S. Growth ETF
In our analysis of ETFs at ETF Channel, we evaluated the trading prices of individual holdings against their average analyst 12-month forward target prices. For the iShares Core S&P U.S. Growth ETF (Symbol: IUSG), the implied analyst target price based on these holdings is $156.17 per share.
Currently, IUSG is trading at approximately $139.91 per share, suggesting an 11.62% potential upside according to analysts. Notably, three of IUSG’s underlying holdings show significant upside potential relative to their analyst targets: Rambus Inc. (Symbol: RMBS), MasTec Inc. (Symbol: MTZ), and Clean Harbors Inc. (Symbol: CLH).
Rambus Inc. trades at $54.52 per share, with an analyst target of $72.25, indicating a 32.52% upside. MasTec Inc. has a recent price of $150.77, and its average analyst target is $169.56, representing a potential upside of 12.46%. Similarly, Clean Harbors is currently priced at $227.72, while analysts project a target of $255.73, which is 12.30% higher.
Below is a twelve-month price history chart comparing the stock performance of RMBS, MTZ, and CLH:
Here’s a summary table of the current analyst target prices:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| iShares Core S&P U.S. Growth ETF | IUSG | $139.91 | $156.17 | 11.62% |
| Rambus Inc. | RMBS | $54.52 | $72.25 | 32.52% |
| MasTec Inc. | MTZ | $150.77 | $169.56 | 12.46% |
| Clean Harbors Inc | CLH | $227.72 | $255.73 | 12.30% |
Are analysts justified in their target projections, or are they overly optimistic about stock valuations in the next twelve months? Investors should consider the validity of these targets against recent company and industry developments. A high price target relative to a stock’s current trading price may signal optimism for the future but could also indicate possible downgrades if the targets do not align with market realities. Additional research is essential to navigate these questions.
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Also see:
• CCAP Next Dividend Date
• ETFs Holding FLR
• Top Ten Hedge Funds Holding DBEZ
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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