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 Guggenheim S&P 500 Equal Weight Consumer Discretionary ETF (Symbol: RCD), we found that the implied analyst target price for the ETF based upon its underlying holdings is $97.24 per unit.
With RCD trading at a recent price near $75.52 per unit, that means that analysts see 28.76% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of RCD's underlying holdings with notable upside to their analyst target prices are Lennar Corp. (Symbol: LEN), Wynn Resorts Ltd (Symbol: WYNN), and Time Warner Inc (Symbol: TWX). Although LEN has traded at a recent price of $38.42/share, the average analyst target is 41.97% higher at $54.55/share. Similarly, WYNN has 41.69% upside from the recent share price of $58.45 if the average analyst target price of $82.82/share is reached, and analysts on average are expecting TWX to reach a target price of $88.00/share, which is 39.22% above the recent price of $63.21. Below is a twelve month price history chart comparing the stock performance of LEN, WYNN, and TWX:
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
