The Math Shows SPMO Can Go To $41
February 04, 2019 at 07:33 AM EST
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Invesco S&P 500 Momentum ETF (SPMO), we found that the implied analyst target price for the ETF based upon its underlying holdings is $40.82 per unit.