Analysts Predict Growth for Vanguard S&P 500 ETF as Key Stocks Eye Significant Upsides
Our analysis at ETF Channel highlights the Vanguard S&P 500 Growth ETF (Symbol: VOOG) and its potential based on the underlying stocks it holds. After comparing the ETF’s trading price of $348.88 to the average 12-month analyst target price of $383.34, it’s clear that analysts are forecasting a 9.88% upside for VOOG.
Some of VOOG’s key holdings that are particularly appealing include Diamondback Energy, Inc. (Symbol: FANG), KLA Corp (Symbol: KLAC), and Nucor Corp. (Symbol: NUE). For instance, FANG recently traded at $179.77 per share, yet analysts predict it could rise 22.56% to an average target of $220.32. KLA, currently at $707.72, has a target of $858.21, implying an upside of 21.26%. Meanwhile, NUE, trading at $151.64, is expected to reach a target of $181.44, marking a potential increase of 19.65%. Below is a chart showing the price performance of these three companies over the past twelve months:
Here’s a summary of the current analyst target prices for these stocks:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| Vanguard S&P 500 Growth ETF | VOOG | $348.88 | $383.34 | 9.88% |
| Diamondback Energy, Inc. | FANG | $179.77 | $220.32 | 22.56% |
| KLA Corp | KLAC | $707.72 | $858.21 | 21.26% |
| Nucor Corp. | NUE | $151.64 | $181.44 | 19.65% |
This raises important questions: Are analysts too optimistic about these targets, or do they have valid reasons for their predictions? High price targets can indicate confidence, but they might also need adjustment in light of recent market changes. Investors should consider conducting further research to understand the dynamics influencing these estimates.
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Also see:
• Asset Management Dividend Stocks
• MTB MACD
• ETFs Holding UVSP
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
