The Math Shows EWMC Can Go To $111
January 03, 2022 at 09:12 AM EST
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 400— Equal Weight ETF (EWMC), we found that the implied analyst target price for the ETF based upon its underlying holdings is $110.74 per unit.