Analysts Predict Upside Potential for iShares Dow Jones U.S. ETF
In our latest analysis at ETF Channel, we reviewed the performance of ETFs in our coverage universe by comparing the trading price of each underlying holding to the average analyst 12-month forward target price. For the iShares Dow Jones U.S. ETF (Symbol: IYY), the implied target price based on its holdings stands at $167.74 per unit.
Currently, IYY is trading at approximately $139.33 per unit. This gives analysts a projected upside of 20.39% based on the average target prices for the ETF’s underlying holdings. Among these holdings, Liberty Global Ltd (Symbol: LBTYK), Guardant Health Inc (Symbol: GH), and Dutch Bros Inc (Symbol: BROS) demonstrate substantial upside potential in relation to their analyst target prices. Specifically, LBTYK is priced at $12.09 per share, while its average target is 32.34% higher at $16.00 per share. In addition, GH’s recent price of $40.17 indicates a 29.80% upside if it reaches the average analyst target of $52.14. Analysts expect BROS to achieve a target price of $82.45, representing a 27.28% increase from its current price of $64.78. Below, you can view a twelve month price history chart that outlines the performance of LBTYK, GH, and BROS:
Here is a summary of the current analyst target prices for the discussed holdings:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| iShares Dow Jones U.S. ETF | IYY | $139.33 | $167.74 | 20.39% |
| Liberty Global Ltd | LBTYK | $12.09 | $16.00 | 32.34% |
| Guardant Health Inc | GH | $40.17 | $52.14 | 29.80% |
| Dutch Bros Inc | BROS | $64.78 | $82.45 | 27.28% |
These insights raise important questions: Are analysts’ projections for these stocks justified, or are they overly optimistic concerning future trading prices? Moreover, is there a dependable rationale behind these forecasts, or is there a chance that analysts are lagging behind recent developments in the companies and the industry as a whole? Notably, a high target price can suggest optimism about future performance but may also hint at potential downgrades if those targets no longer reflect current realities. Investors are encouraged to conduct further research to evaluate these critical considerations.
10 ETFs With Most Upside To Analyst Targets »
also see:
• Top Stocks Held By Daniel Loeb
• ESHY shares outstanding history
• Institutional Holders of QCOC
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
