When delving into the depths of ETF holdings at ETF Channel, a surprising revelation about Morningstar Wide Moat ETF (Symbol: MOAT) comes to light. Analysts have set the 12-month forward target price for this fund at $96.49 per unit. As MOAT currently hovers around $88.06 per unit, analysts foresee a promising 9.57% upside potential for this ETF based on the average analyst targets of its underlying assets. Noteworthy among these holdings are Adobe Inc (Symbol: ADBE), Philip Morris International Inc (Symbol: PM), and State Street Corp. (Symbol: STT), presenting remarkable upside to their respective analyst target prices.
While ADBE trades at $507.60/share, analysts envision a 23.39% climb to reach the target price of $626.31/share. Similarly, PM boasts a 16.45% potential increase from the recent price of $90.38 to meet the analyst target of $105.25/share. STT, on the other hand, is projected to rise by 13.02% to hit the target price of $86.10/share, surpassing the recent price of $76.18. Witness the trajectory of ADBE, PM, and STT in the twelve-month price history chart below:
Collectively, ADBE, PM, and STT account for 5.14% of the Morningstar Wide Moat ETF. For a comprehensive overview, refer to the summary table displaying the current analyst target prices as detailed above:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| Morningstar Wide Moat ETF | MOAT | $88.06 | $96.49 | 9.57% |
| Adobe Inc | ADBE | $507.60 | $626.31 | 23.39% |
| Philip Morris International Inc | PM | $90.38 | $105.25 | 16.45% |
| State Street Corp. | STT | $76.18 | $86.10 | 13.02% |
Are analysts being overly optimistic or are their projections grounded in solid reasoning? The disparity between these targets and current stock prices raises pertinent questions. High price targets can indicate faith in the future, yet they could swiftly turn into outdated relics if not aligned with evolving market dynamics. Investors, are you ready to delve deeper into the intricacies of these projections?
Explore the 10 ETFs With the Most Upside to Analyst Targets »
Further Exploration:
Funds Holding BYNO
PSCM Average Annual Return
Institutional Holders of VAC
The insights shared here are a reflection of the author’s perspectives and do not necessarily mirror those of Nasdaq, Inc.
