The Math Shows UOP Can Go To $41
February 02, 2017 at 08:54 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 Ultra Oil & Gas Exploration & Production ETF (UOP), we found that the implied analyst target price for the ETF based upon its underlying holdings is $40.82 per unit.