ETFs Analyzed: Potential Upside in Key Holdings Revealed
At ETF Channel, we evaluated the trading prices of various ETFs compared to the analysts’ 12-month target prices. This analysis highlights the iShares Morningstar Mid-Cap Growth ETF (Symbol: IMCG), which has an implied analyst target price of $87.16 per unit based on its holdings.
Currently trading around $78.30 per unit, analysts estimate an upside of 11.32% for IMCG based on the average target prices of its underlying stocks. Among these, three notable companies with significant upside include Natera Inc (Symbol: NTRA), HEICO Corp (Symbol: HEI), and Bio-Techne Corp (Symbol: TECH). Recent trading has seen NTRA at $158.36 per share, with an average target price of $182.06/share, indicating a potential 14.96% increase. HEI shows a similar trend, currently at $237.06, while the average target stands at $269.25, suggesting a 13.58% upside. Meanwhile, analysts expect TECH to reach an average target price of $85.00/share, a 12.09% rise from its recent price of $75.83. Below, you’ll find a chart illustrating the twelve-month stock performance for NTRA, HEI, and TECH:
Here’s a summary of the current analyst target prices discussed above:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| iShares Morningstar Mid-Cap Growth ETF | IMCG | $78.30 | $87.16 | 11.32% |
| Natera Inc | NTRA | $158.36 | $182.06 | 14.96% |
| HEICO Corp | HEI | $237.06 | $269.25 | 13.58% |
| Bio-Techne Corp | TECH | $75.83 | $85.00 | 12.09% |
Are these analysts’ targets realistic or too optimistic looking forward? Do they align with the latest developments in their respective companies and industries? High price targets relative to current trading prices can imply optimism for future growth. However, they could also lead to price target downgrades if they are based on outdated information. These considerations warrant further investigation by investors.
Explore 10 ETFs With The Most Potential Upside To Analyst Targets »
Also see:
• Cheap Stocks With Potential
• QTT Stock Predictions
• ETFs Holding DKL
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
