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:
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 However, it can also serve as a precursor to target price adjustments if the targets hark back to outdated assumptions.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.
10 ETFs With Most Upside To Analyst Targets »
Moreover, consider:
• Institutional Holders of IONS
• QIHU Videos
• Funds Holding CORV
The expressions and viewpoints articulated herein belong to the writer and do not necessarily mirror those of Nasdaq, Inc.
