Surprising Analyst 12-Month Target For MDY
December 23, 2021 at 09:15 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 SPDR— S&P MIDCAP 400— ETF Trust ETF (MDY), we found that the implied analyst target price for the ETF based upon its underlying holdings is $591.94 per unit.