HomeMost PopularUnlocking Potential: SPSM Set for 20% Growth Ahead

Unlocking Potential: SPSM Set for 20% Growth Ahead

Daily Market Recaps (no fluff)

always free

Analysts Predict Strong Upside for Small-Cap ETF and Key Holdings

The SPDR Portfolio S&P 600 Small Cap ETF (Symbol: SPSM) shows substantial upside potential, according to recent evaluations from analysts. After analyzing the ETF’s underlying securities, the average implied target price for SPSM is set at $53.07 per unit. This is significantly above its current trading price of approximately $44.32, suggesting a potential increase of 19.75% over the next 12 months.

Among the key holdings contributing to this forecast are Gogo Inc (Symbol: GOGO), Tidewater Inc (Symbol: TDW), and Innovex International Inc (Symbol: INVX). Notably, GOGO is trading at $7.12 per share, yet analysts predict a 79.07% rise to an average target of $12.75. Similarly, TDW shares are priced at $55.08 with an expected jump of 75.33% to a target of $96.57. INVX, currently at $15.75, has a target price of $27.50, indicating a potential increase of 74.60%. The following chart illustrates their stock performances over the past year:

GOGO, TDW, and INVX Relative Performance Chart

A summary table of the mentioned target prices is as follows:

Name Symbol Recent Price Avg. Analyst 12-Mo. Target % Upside to Target
SPDR Portfolio S&P 600 Small Cap ETF SPSM $44.32 $53.07 19.75%
Gogo Inc GOGO $7.12 $12.75 79.07%
Tidewater Inc TDW $55.08 $96.57 75.33%
Innovex International Inc INVX $15.75 $27.50 74.60%

These optimistic targets raise important questions. Are analysts being overly ambitious about these stocks’ future performance? On one hand, high target prices compared to current trading levels can signify confidence in future success. On the other hand, if those forecasts fail to materialize, downgrades may follow. Investors are encouraged to conduct further research to better understand these valuations and the factors driving them.

nslideshow Explore 10 ETFs With Most Upside To Analyst Targets »

Also see:

• Services Stocks Hedge Funds Are Buying
• LABP Insider Buying
• ETP market cap history

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Do you want a daily market summary with no fluff?

Simple Straightforward Daily Stock Market Recaps Sent for free,every single trading day: Read Now

Explore More

Simple Straightforward Daily Stock Market Recaps

Get institutional-level analysis to take your trading to the next level, sign up for free and become apart of the community.