Analyst Targets Suggest Significant Upside for IWB ETF and Holdings
At ETF Channel, we analyzed the holdings of ETFs in our coverage universe, comparing each holding’s trading price against the average 12-month forward target price set by analysts. For the iShares Russell 1000 ETF (Symbol: IWB), we determined an implied analyst target price of $376.90 per unit based on its underlying holdings.
Currently, IWB is trading at approximately $310.23 per unit, indicating a projected upside of 21.49% according to analysts’ targets for the ETF’s holdings. Significant upside potential is noted for three of IWB’s holdings: Park Hotels & Resorts Inc (Symbol: PK), AppFolio Inc (Symbol: APPF), and Cadence Design Systems Inc (Symbol: CDNS). Park Hotels, priced at $10.87 per share, has an average target of $16.33 per share—a potential increase of 50.26%. Meanwhile, AppFolio’s recent price of $227.63 implies a 24.15% upside to its target of $282.60. Analysts anticipate CDNS will reach a target price of $321.89 per share, translating to a 21.49% increase over its recent price of $264.94. Below, we display a twelve-month price history chart for PK, APPF, and CDNS:
A summary table of the current analyst target prices is shown below:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| iShares Russell 1000 ETF | IWB | $310.23 | $376.90 | 21.49% |
| Park Hotels & Resorts Inc | PK | $10.87 | $16.33 | 50.26% |
| AppFolio Inc | APPF | $227.63 | $282.60 | 24.15% |
| Cadence Design Systems Inc | CDNS | $264.94 | $321.89 | 21.49% |
Are the analysts’ targets justified or overly optimistic regarding where these stocks will trade in the next 12 months? Investors need to consider whether the analysts have valid justifications for their target prices or if they may be trailing behind on recent company and industry developments. A high target price relative to a stock’s trading price may suggest optimism but could also lead to downgrades if targets are outdated. These points warrant additional research from investors.
10 ETFs With Most Upside To Analyst Targets »
also see :
– Top Stocks Held By Cathie Wood
– ATCX shares outstanding history
– Tevogen Bio Holdings Next earnings Date
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
