In our exploration of ETFs at ETF Channel, we’ve analyzed the underlying assets of the iShares Expanded Tech Sector ETF (Symbol: IGM). By comparing the current trading prices of these assets with their average analyst 12-month target prices, we calculated an implied target price of $116.70 per unit for IGM.
Current Status and Upside Potential
As of now, IGM is trading at approximately $105.71 per unit. This suggests that analysts foresee a potential upside of 10.39% based on their target prices for the ETF’s holdings. Among these holdings, three stand out for their growth potential: Jamf Holding Corp (Symbol: JAMF), E2open Parent Holdings Inc (Symbol: ETWO), and Ribbon Communications Inc (Symbol: RBBN).
Notable Holdings with High Upside
Jamf recently traded at $14.64 per share, with an analyst target price suggesting a 55.05% increase to $22.70. E2open Parent Holdings Inc. has a current price of $2.64, with a target of $3.77, indicating a potential upside of 42.65%. Likewise, Ribbon Communications has a recent price of $4.30 and an expected target of $5.62, reflecting a possible 30.81% upside. The chart below illustrates their 12-month price performance:
Summary of Analyst Target Prices
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| iShares Expanded Tech Sector ETF | IGM | $105.71 | $116.70 | 10.39% |
| Jamf Holding Corp | JAMF | $14.64 | $22.70 | 55.05% |
| E2open Parent Holdings Inc | ETWO | $2.64 | $3.77 | 42.65% |
| Ribbon Communications Inc | RBBN | $4.30 | $5.62 | 30.81% |
Investor Considerations
Investors may wonder if analysts are too optimistic with these target prices or if they offer realistic expectations for the stocks’ futures. A higher target relative to a stock’s current price can signal confidence in growth but may also lead to downward adjustments if those targets become outdated. These questions merit further investigation before making investment decisions.
10 ETFs With Most Upside To Analyst Targets »
Additional Resources:
• Wabtec 13F Filers
• MSON market cap history
• CELU shares outstanding history
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
