Analysts See Potential Upside for Invesco S&P 500 QVM Multi-factor ETF
Recent evaluations of the Invesco S&P 500 QVM Multi-factor ETF (Symbol: QVML) indicate promising growth opportunities. Analysts have calculated a weighted average implied target price of $38.35 per unit for this ETF based on its underlying investments.
Currently trading around $34.58 per unit, QVML suggests a potential upside of 10.91% according to analysts’ forecasts. This positive outlook is supported by three significant underlying holdings: Xylem Inc (Symbol: XYL), Avery Dennison Corp (Symbol: AVY), and LyondellBasell Industries NV (Symbol: LYB). Notably, XYL has a recent trading price of $122.82 per share, but analysts project its target price to be 23.43% higher at $151.60 per share. Similarly, AVY shows a potential increase of 21.92%, moving from a recent share price of $197.64 up towards an average analyst target of $240.96. LyondellBasell, trading at $82.48, is expected to reach a target price of $99.56, which is a 20.70% upside.
Below is a twelve-month price history chart illustrating stock performance for XYL, AVY, and LYB:
Here’s a concise summary of the current analyst target prices for these stocks:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| Invesco S&P 500 QVM Multi-factor ETF | QVML | $34.58 | $38.35 | 10.91% |
| Xylem Inc | XYL | $122.82 | $151.60 | 23.43% |
| Avery Dennison Corp | AVY | $197.64 | $240.96 | 21.92% |
| LyondellBasell Industries NV | LYB | $82.48 | $99.56 | 20.70% |
As investors consider these targets, it’s important to ask whether analysts are justified in their projections. There’s always a chance that these target prices reflect past performance rather than future potential. Understanding the basis of these estimates can help investors make informed decisions.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
