Surprising Analyst 12-Month Target For XMMO
April 06, 2020 at 09:12 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 MidCap Momentum ETF (XMMO), we found that the implied analyst target price for the ETF based upon its underlying holdings is $62.28 per unit.