Diving deep into the intricate landscape of ETF holdings, our team at ETF Channel has meticulously scrutinized the trading price of each component against the average analyst 12-month forward target price. Through this analysis, we have unveiled the weighted average implied analyst target price for the SPDR S&P Semiconductor ETF. The results showcase an impressive mark of $257.77 per unit for the ETF, denoted by the symbol XSD.
As XSD dances in the market at a recent price of approximately $226.33 per unit, the numbers whisper a tantalizing tale – analysts foresee a substantial 13.89% upside for this dynamic ETF when gazing through the lens of the average analyst targets for its underlying holdings. Amidst these holdings, three standout stars gleam with potential – Rambus Inc. (Symbol: RMBS), Credo Technology Group Holding Ltd (Symbol: CRDO), and Universal Display Corp (Symbol: OLED). RMBS stands tall with a recent share price of $61.40, yet the average analyst target shines 29.07% brighter at $79.25. Similarly, CRDO flaunts a 22.98% opportunity from its recent share price of $20.78 towards the coveted average analyst target price of $25.55. On the OLED front, analysts paint a picture of ambition with a target price set at $203.14 per share, a dazzling 19.55% climb from the recent price of $169.92. Nestled below lies a twelve-month price history chart illustrating the stock performance of RMBS, CRDO, and OLED in vivid detail:
Merging their powers, RMBS, CRDO, and OLED collectively command 7.60% of the SPDR S&P Semiconductor ETF. Below, a concise table unfolds, presenting the current analyst target prices discussed above:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| SPDR S&P Semiconductor ETF | XSD | $226.33 | $257.77 | 13.89% |
| Rambus Inc. | RMBS | $61.40 | $79.25 | 29.07% |
| Credo Technology Group Holding Ltd | CRDO | $20.78 | $25.55 | 22.98% |
| Universal Display Corp | OLED | $169.92 | $203.14 | 19.55% |
Now, the burning questions surface – Are these analyst targets grounded in reality, or do they dance on the edge of optimism? Do these analysts possess a thorough understanding of the company and industry developments, or are they paddling in the wake of progress? A lofty price target, juxtaposed against a stock’s current trading price, can signify hope for a glittering future, yet it could also foreshadow target price adjustments if those targets echo a bygone era. To unravel these mysteries demands a voyage into further investor research.
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Opinions expressed are the author’s own and do not necessarily align with those of Nasdaq, Inc.
