How The Pieces Add Up: SPXN Targets $49
June 28, 2016 at 09:54 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-Financials ETF (SPXN), we found that the implied analyst target price for the ETF based upon its underlying holdings is $48.59 per unit.