The Math Shows XMHQ Can Go To $91
November 11, 2021 at 08:25 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 Invesco S&P MidCap Quality ETF (XMHQ), we found that the implied analyst target price for the ETF based upon its underlying holdings is $90.62 per unit.