Analysts See Strong Upside Potential for KLMN ETF and Holdings
At ETF Channel, we analyzed the underlying assets of the Invesco MSCI North America Climate ETF (Symbol: KLMN). We compared the trading price of each holding to the average 12-month forward target price projected by analysts. As a result, we determined that KLMN’s implied analyst target price stands at $27.81 per unit.
Currently, with KLMN trading near $23.06 per unit, analysts foresee a potential upside of 20.62% based on the average target prices for its holdings. Significant contributors to this upside include MicroStrategy Inc. (Symbol: MSTR), Thermo Fisher Scientific Inc. (Symbol: TMO), and DuPont de Nemours Inc. (Symbol: DD). For example, MicroStrategy has a current price of $312.54 per share, while analysts set its average target at $512.00 per share, suggesting a 63.82% increase. Similarly, TMO’s recent price of $489.06 indicates a 34.21% upside if its target of $656.36 is met. DuPont de Nemours is expected to rise by 31.75%, from its current price of $75.25 to a target of $99.14.
Below, you can see a 12-month price history chart comparing the stock performance of MSTR, TMO, and DD:
Summary of Analyst Target Prices
The following table summarizes the current analyst target prices for the discussed stocks:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| Invesco MSCI North America Climate ETF | KLMN | $23.06 | $27.81 | 20.62% |
| MicroStrategy Inc. | MSTR | $312.54 | $512.00 | 63.82% |
| Thermo Fisher Scientific Inc | TMO | $489.06 | $656.36 | 34.21% |
| DuPont de Nemours Inc | DD | $75.25 | $99.14 | 31.75% |
Analysts are challenged with determining the validity of their price targets. Factors like recent developments in each company and broader industry trends may influence their projections. While high target prices can suggest optimism, they may also lead to future downgrades if they fail to materialize. Investors should consider conducting further research to evaluate these potential outcomes.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
