Analyst Target Prices Indicate Upside Potential for SPDR S&P Dividend ETF
At ETF Channel, we analyzed the underlying holdings of various ETFs and compared their trading prices to the average 12-month target prices set by analysts. Our findings reveal that the SPDR S&P Dividend ETF (Symbol: SDY) has an implied analyst target price of $147.88 per unit based on its underlying assets.
Current Trading and Analyst Expectation
Currently, SDY trades around $125.92 per unit. This pricing suggests analysts expect a potential 17.44% upside, considering the average targets of the underlying holdings. Several of these holdings stand out due to their significant upside potential.
Notable Holdings with Growth Potential
Three underlying holdings of SDY with promising upside are Bank OZK (Symbol: OZK), Polaris Inc (Symbol: PII), and United Bankshares Inc (Symbol: UBSI). Bank OZK, trading at approximately $38.12 per share, has an average analyst target of $53.88, indicating a 41.33% upside. Polaris Inc, currently priced at $36.71, shows a target price of $50.45, translating to a 37.44% upside potential. Finally, UBSI, trading at $31.65, has a target price expectation of $41.42, suggesting a possible 30.86% increase.
Below, you can see the comparative price history for OZK, PII, and UBSI:
Summary of Analyst Targets
Here is a summary table outlining the recent prices and analysts’ 12-month target prices for the discussed stocks:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| SPDR S&P Dividend ETF | SDY | $125.92 | $147.88 | 17.44% |
| Bank OZK | OZK | $38.12 | $53.88 | 41.33% |
| Polaris Inc | PII | $36.71 | $50.45 | 37.44% |
| United Bankshares Inc | UBSI | $31.65 | $41.42 | 30.86% |
Evaluating Analyst Projections
Investors may wonder if analysts’ target prices are justified or overly optimistic regarding where these stocks will trade in the next twelve months. It is important to assess whether the analysts based their targets on valid reasoning or if they might be trailing recent developments in the companies and their respective industries. A notably high target price compared to a stock’s current trading price can signify optimism about future performance, yet it can also indicate the potential for future target price downgrades if analysts’ views do not align with market trends.
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Also See:
• Funds Holding THNR
• AXGN Videos
• PCL Historical Stock Prices
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
