The Math Shows PXE Can Go To $32
October 26, 2018 at 07:26 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 Invesco Dynamic Energy Exploration & Production ETF (PXE), we found that the implied analyst target price for the ETF based upon its underlying holdings is $31.98 per unit.