HomeMost PopularThe Future Brightens: Potential Gain for SLYG’s Holdings Beckons

The Future Brightens: Potential Gain for SLYG’s Holdings Beckons

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Exploring the composition of ETFs within our purview at ETF Channel, a comparison was made between the trading price per unit of each holding and the average analyst 12-month forward target price. Through this analysis, the calculated weighted average implied analyst target price for the SPDR S&P 600 Small Cap Growth ETF (Symbol: SLYG) emerged as $93.78 per unit.

Presently, SLYG trades near $85.21 per unit. Analysts foresee a 10.06% potential upside for this ETF by considering the average analyst targets for its underlying holdings. Noteworthy among these holdings are PROG Holdings Inc (Symbol: PRG), SPS Commerce, Inc. (Symbol: SPSC), and Photronics, Inc. (Symbol: PLAB), each demonstrating substantial upside to their analyst target prices. For instance, PRG, despite recent trading at $33.09/share, has an average analyst target of $38.25/share, indicating a 15.59% increase. SPSC shows a potential 15.30% appreciation from its recent share price of $176.06 if it reaches the average analyst target price of $203.00/share. Analysts project PLAB to achieve a target price of $32.00/share, representing a 14.53% rise above its recent price of $27.94.

A visual representation of the stock performance of PRG, SPSC, and PLAB over the past year is depicted in the chart below:

PRG, SPSC, and PLAB Relative Performance Chart

For reference, a summary table of the current analyst target prices for the aforementioned stocks is included below:

Name Symbol Recent Price Avg. Analyst 12-Mo. Target % Upside to Target
SPDR S&P 600 Small Cap Growth ETF SLYG $85.21 $93.78 10.06%
PROG Holdings Inc PRG $33.09 $38.25 15.59%
SPS Commerce, Inc. SPSC $176.06 $203.00 15.30%
Photronics, Inc. PLAB $27.94 $32.00 14.53%

Are the analysts’ projections justified, or do they exude a hint of undue optimism? Could there be a valid basis for their targets, or are they somewhat lagging in keeping abreast of recent corporate and industry advances? A high target price juxtaposed with a stock’s current trading value may signal hopefulness about the future. However, it can also serve as a precursor to target price adjustments if the targets hark back to outdated assumptions. These musings warrant further examination by astute investors.

nslideshow10 ETFs With Most Upside To Analyst Targets Β»

Moreover, consider:

β€’ Institutional Holders of IONS
β€’ QIHU Videos
β€’ Funds Holding CORV

The expressions and viewpoints articulated herein belong to the writer and do not necessarily mirror those of Nasdaq, Inc.

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