The Implied Analyst 12-Month Target For QMJ
December 01, 2021 at 08:22 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 Direxion S&P 500— High minus Low Quality ETF ETF (QMJ), we found that the implied analyst target price for the ETF based upon its underlying holdings is $76.43 per unit.