Analysts See Significant Upside in Vanguard Mega Cap ETF Holdings
The underlying holdings of the ETFs monitored by ETF Channel show that the Vanguard Mega Cap ETF (Symbol: MGC) has an implied analyst target price of $243.37 per unit. This calculation comes from comparing each holding’s trading price against average analyst 12-month forward target prices, resulting in a weighted average for the ETF itself.
Currently, MGC is trading at around $193.68 per unit, indicating that analysts expect a potential upside of 25.66%. Several of MGC’s holdings stand out for their notable upside potential: Boeing Co. (Symbol: BA), Chipotle Mexican Grill Inc. (Symbol: CMG), and Autodesk Inc. (Symbol: ADSK). For instance, BA’s recent trading price is $150.91 per share, while its average analyst target sits 35.29% higher at $204.17 per share. Chipotle’s recent price of $50.08 reflects a potential 31.53% upside towards its target of $65.87. Similarly, ADSK is currently priced at $257.12, with analysts projecting a target of $336.92, representing a 31.04% increase.
Below is a twelve-month price history chart comparing the stock performances of BA, CMG, and ADSK:
The table below summarizes the current analyst target prices for the discussed stocks:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| Vanguard Mega Cap ETF | MGC | $193.68 | $243.37 | 25.66% |
| Boeing Co. | BA | $150.91 | $204.17 | 35.29% |
| Chipotle Mexican Grill Inc | CMG | $50.08 | $65.87 | 31.53% |
| Autodesk Inc | ADSK | $257.12 | $336.92 | 31.04% |
As investors consider these analysts’ targets, they may wonder if these projections are justified or overly optimistic. Are the targets reflective of significant company and industry developments, or could they be outdated? Examining a high price target relative to a stock’s current trading price may indicate optimism, but such targets could also face downgrades if they no longer align with market realities. These questions merit further examination by investors.
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Also See:
- Top Ten Hedge Funds Holding CDE
- Top Ten Hedge Funds Holding TOTL
- LASR Shares Outstanding History
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
