The Math Shows XAR Can Go To $63
July 14, 2016 at 07:55 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 SPDR S&P Aerospace & Defense ETF (XAR), we found that the implied analyst target price for the ETF based upon its underlying holdings is $62.99 per unit.