Analysts Project Strong Upside for WisdomTree’s DGRW ETF
In our analysis of ETFs at ETF Channel, we evaluated the performance of underlying holdings. We compared trading prices with the average analyst’s 12-month forward target prices, which led us to compute the weighted average implied target price for the WisdomTree U.S. Quality Dividend Growth Fund ETF (Symbol: DGRW). The resulting implied analyst target price for DGRW stands at $94.39 per unit.
Currently, DGRW has a trading price of approximately $81.71 per unit, suggesting that analysts anticipate a 15.52% upside based on these target prices. Among DGRW’s underlying holdings, three stocks show significant upside potential: Boise Cascade Co. (Symbol: BCC), Glacier Bancorp, Inc. (Symbol: GBCI), and Installed Building Products Inc (Symbol: IBP). Although BCC is trading at $101.62 per share, analysts project a target price of $126.33 per share, representing a potential upside of 24.32%. GBCI, currently priced at $46.25, has an expected target of $57.17, indicating a 23.60% upside. Similarly, IBP’s recent price of $177.04 has a target forecast of $212.20, reflecting a 19.86% upside. Below is a 12-month price history chart illustrating the performance of BCC, GBCI, and IBP:
Here is a summary table of the current analyst target prices discussed:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| WisdomTree U.S. Quality Dividend Growth Fund ETF | DGRW | $81.71 | $94.39 | 15.52% |
| Boise Cascade Co. | BCC | $101.62 | $126.33 | 24.32% |
| Glacier Bancorp, Inc. | GBCI | $46.25 | $57.17 | 23.60% |
| Installed Building Products Inc | IBP | $177.04 | $212.20 | 19.86% |
Investors may ponder whether analysts have accurately assessed these targets or are being overly optimistic about future trading prices. Assessing if there is a valid rationale behind these predictions is crucial, especially given recent developments in the companies and their industries. A high target price compared to a stock’s trading price can indicate optimism but may also lead to downgrades if those targets are outdated. Further investor research is advised.
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Also see:
• Energy Stock Channel
• INTR Options Chain
• Funds Holding LESL
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
