The Math Shows GRPM Can Go To $139
July 22, 2024 at 08:17 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 MidCap 400— GARP ETF (GRPM), we found that the implied analyst target price for the ETF based upon its underlying holdings is $138.66 per unit.