The Math Shows GRPZ Can Go To $29

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 SmallCap 600 GARP ETF (GRPZ), we found that the implied analyst target price for the ETF based upon its underlying holdings is $29.12 per unit.