Look Under The Hood: NOBL Has 11% Upside
February 04, 2016 at 08:07 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 ProShares S&P 500 Dividend Aristocrats ETF (NOBL), we found that the implied analyst target price for the ETF based upon its underlying holdings is $53.08 per unit.