Analysts Predict Significant Upside for ProShares Ultra S&P500 ETF
At ETF Channel, we analyzed the underlying holdings of various ETFs in our coverage. We compared the trading prices of each holding against the average analyst 12-month forward target prices, allowing us to calculate the weighted average implied analyst target price for the ETF itself. For the ProShares Ultra S&P500 ETF (Symbol: SSO), the implied target price based on its underlying holdings stands at $89.45 per unit.
Currently, SSO is trading around $74.14 per unit, suggesting a potential upside of 20.66% based on the average target prices of its underlying holdings. Notable among these holdings are Caesars Entertainment Inc (CZR), Dayforce Inc (DAY), and Becton, Dickinson & Co (BDX), each showing promising upside potential.
Caesars Entertainment has a recent trading price of $26.72 per share, with analysts forecasting a target of $42.43 per share, indicating an upside of 58.79%. In a similar vein, Dayforce is currently priced at $55.57, yet analysts predict a rise to $75.75, reflecting a potential increase of 36.31%. Meanwhile, Becton, Dickinson & Co has a recent price of $202.32, with an anticipated target of $270.80, suggesting an upside of 33.85%.
Below is a twelve-month price history chart comparing the stock performances of CZR, DAY, and BDX:
Summary of Current Analyst Target Prices
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| ProShares Ultra S&P500 ETF | SSO | $74.14 | $89.45 | 20.66% |
| Caesars Entertainment Inc | CZR | $26.72 | $42.43 | 58.79% |
| Dayforce Inc | DAY | $55.57 | $75.75 | 36.31% |
| Becton, Dickinson & Co | BDX | $202.32 | $270.80 | 33.85% |
Investors may question whether analysts are justified in their target prices or if they are being overly optimistic about these stocks’ performance in the next 12 months. A high target price compared to a stock’s trading price often signals optimism, yet it can also forewarn possible downgrades if those targets no longer align with current market realities. Therefore, these aspects warrant thorough investor investigation.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
