The Math Shows EWMC Can Go To $104
August 26, 2021 at 08:58 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 400— Equal Weight ETF (EWMC), we found that the implied analyst target price for the ETF based upon its underlying holdings is $103.72 per unit.