Analyst Target Prices Signal Potential Upside for PID ETF
At ETF Channel, we analyzed the underlying holdings of various ETFs. For the Invesco International Dividend Achievers ETF (Symbol: PID), we calculated an implied analyst target price of $22.37 per unit, based on its underlying components.
Currently, PID is trading around $19.84 per unit, indicating a potential upside of 12.77% towards the average analyst targets for its holdings. Noteworthy among these holdings are PLDT Inc (Symbol: PHI), Sony Group Corp (Symbol: SONY), and Open Text Corp (Symbol: OTEX). For instance, PLDT Inc has a recent trading price of $23.86/share, yet the average analyst target is $32.00/share, representing a significant upside of 34.12%. Similarly, analysts see a 19.61% increase potential for SONY, which recently traded at $24.74 against an average target of $29.59/share. Open Text Corp is expected to reach a target price of $33.40/share, 19.54% above its most recent price of $27.94. Below is a chart tracking the 12-month price history of PHI, SONY, and OTEX:
Collectively, these three companies form 6.97% of the Invesco International Dividend Achievers ETF. The table below summarizes the current analyst target prices we previously discussed:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| Invesco International Dividend Achievers ETF | PID | $19.84 | $22.37 | 12.77% |
| PLDT Inc | PHI | $23.86 | $32.00 | 34.12% |
| Sony Group Corp | SONY | $24.74 | $29.59 | 19.61% |
| Open Text Corp | OTEX | $27.94 | $33.40 | 19.54% |
Questions remain regarding the validity of these targets. Are analysts justified, or are they overly optimistic about the future performance of these stocks? Investors should consider how recent developments might affect these projections. While high target prices can illustrate optimism, they may also signal a need for caution if based on outdated information. Thorough research is essential for investors weighing these potential upside scenarios.
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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.
