We Did The Math SPXT Can Go To $47
May 23, 2016 at 07:09 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 S&P 500 Ex-Technology ETF (SPXT), we found that the implied analyst target price for the ETF based upon its underlying holdings is $47.00 per unit.