Analysts See 10% Upside For SPMD
June 22, 2020 at 08:50 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 SPDR— Portfolio S&P 400— Mid Cap ETF (SPMD), we found that the implied analyst target price for the ETF based upon its underlying holdings is $34.52 per unit.