We Did The Math SPHD Can Go To $42
March 30, 2020 at 09:33 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— High Dividend Low Volatility ETF (SPHD), we found that the implied analyst target price for the ETF based upon its underlying holdings is $41.97 per unit.