How The Pieces Add Up: SPXE Targets $49
September 26, 2016 at 09:49 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 ProShares S&P 500 Ex-Energy ETF (SPXE), we found that the implied analyst target price for the ETF based upon its underlying holdings is $48.98 per unit.