Analysts See Strong Upside for Vanguard S&P Mid-Cap 400 ETF Holdings
At ETF Channel, we analyzed the underlying assets of various ETFs in our coverage. Specifically, we compared the trading prices of individual holdings against the average 12-month forward target prices set by analysts. For the Vanguard S&P Mid-Cap 400 ETF (Symbol: IVOO), the weighted average implied analyst target price stands at $122.25 per unit.
Currently, IVOO is trading at around $100.55 per unit. This implies an expected upside of 21.58%, based on the average target prices for its underlying holdings. Among these holdings, three stand out for their significant potential: RH (Symbol: RH), Saia Inc (Symbol: SAIA), and Skechers USA Inc (Symbol: SKX). Recent trading indicates that RH is priced at $280.97 per share, while its average target stands much higher at $456.18, reflecting a potential upside of 62.36%. Saia, trading at $382.61, shows a 39.16% upside to its target of $532.44 per share. Skechers, with a recent price of $59.02, also has a notable 34.47% upside, expecting to reach a target price of $79.36.
Below is a twelve-month price history chart comparing the performance of RH, SAIA, and SKX:
We summarize the current analyst target prices in the table below:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| Vanguard S&P Mid-Cap 400 ETF | IVOO | $100.55 | $122.25 | 21.58% |
| RH | RH | $280.97 | $456.18 | 62.36% |
| Saia Inc | SAIA | $382.61 | $532.44 | 39.16% |
| Skechers USA Inc | SKX | $59.02 | $79.36 | 34.47% |
These targets raise the question: Are analysts being realistic, or overly optimistic about stock prices one year from now? Investors should consider whether there is a solid rationale behind these targets. A high price target compared to a stock’s current trading price could signal optimism for the future. However, it may also lead to price target downgrades if those targets are not aligned with current market conditions. These insights demand further exploration by investors.
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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.
