The Math Shows RYF Can Go To $43
August 04, 2020 at 08:21 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— Equal Weight Financials ETF (RYF), we found that the implied analyst target price for the ETF based upon its underlying holdings is $43.09 per unit.