Sum Up The Pieces: SPMO Could Be Worth $61
May 05, 2021 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 Invesco S&P 500— Momentum ETF (SPMO), we found that the implied analyst target price for the ETF based upon its underlying holdings is $60.95 per unit.