The Math Shows RWL Can Go To $60
July 26, 2019 at 08:00 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 Invesco S&P 500 Revenue ETF (RWL), we found that the implied analyst target price for the ETF based upon its underlying holdings is $59.67 per unit.