The Math Shows SSO Can Go To $68
March 15, 2016 at 07:57 AM EDT
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 Ultra S&P500 ETF (SSO), we found that the implied analyst target price for the ETF based upon its underlying holdings is $67.55 per unit.