Analysts See Significant Upside for JPMorgan ETFs and Select Stocks
In a recent analysis conducted by ETF Channel, the trading prices of ETFs in our coverage were assessed against their average analyst 12-month forward target prices. This evaluation allowed us to compute the weighted average implied analyst target price for the JPMorgan Market Expansion Enhanced Equity ETF (Symbol: JMEE). Our findings reveal that the implied target price for JMEE stands at $70.66 per unit.
Currently, JMEE is trading at approximately $49.07 per unit. This indicates that analysts project a potential upside of 44.00% based on the average targets for its underlying holdings. Notably, JMEE includes stocks like PENN Entertainment Inc (Symbol: PENN), Arcosa Inc (Symbol: ACA), and Veritex Holdings Inc (Symbol: VBTX), all of which show substantial upside potential relative to their analyst price targets. While PENN is currently priced at $13.75 per share, analysts expect it to rise by 74.79% to an average target of $24.03 per share. Similarly, ACA has a recent price of $70.56 but analysts forecast a climb to $109.20, representing a 54.76% upside. VBTX, with a current price of $21.23, has an expected target of $31.75, translating to a 49.55% increase.
Below, we provide a twelve-month price history chart that highlights the performance of PENN, ACA, and VBTX:
Additionally, here is a summary table detailing the current analyst target prices for the mentioned stocks:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| JPMorgan Market Expansion Enhanced Equity ETF | JMEE | $49.07 | $70.66 | 44.00% |
| PENN Entertainment Inc | PENN | $13.75 | $24.03 | 74.79% |
| Arcosa Inc | ACA | $70.56 | $109.20 | 54.76% |
| Veritex Holdings Inc | VBTX | $21.23 | $31.75 | 49.55% |
The question remains: Are analysts justified in setting these target prices, or are they overly optimistic about the future of these stocks? Investors may want to investigate whether the analysts’ expectations align with recent developments in the respective companies and industries. High price targets in conditions where current prices lag could indicate optimism but may also foreshadow potential downgrades. These considerations warrant thorough research from investors.
10 ETFs With Most Upside To Analyst Targets »
Also see:
- Shares Outstanding History
- Funds Holding OGS
- Funds Holding SCE
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
