QQQE's Underlying Holdings Imply 10% Gain Potential
September 09, 2020 at 08:05 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 Direxion NASDAQ-100 Equal Weighted Index Shares ETF (QQQE), we found that the implied analyst target price for the ETF based upon its underlying holdings is $68.19 per unit.