The Math Shows HAIL Can Go To $35
June 25, 2020 at 08:36 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 Kensho Smart Mobility ETF (HAIL), we found that the implied analyst target price for the ETF based upon its underlying holdings is $34.83 per unit.