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 SPDR S&P 500 Fossil Fuel Free ETF (Symbol: SPYX), we found that the implied analyst target price for the ETF based upon its underlying holdings is $55.28 per unit.
With SPYX trading at a recent price near $44.66 per unit, that means that analysts see 23.78% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of SPYX's underlying holdings with notable upside to their analyst target prices are Laboratory Corporation of America Holdings (Symbol: LH), Under Armour Inc (Symbol: UA), and Juniper Networks Inc (Symbol: JNPR). Although LH has traded at a recent price of $102.53/share, the average analyst target is 39.84% higher at $143.38/share. Similarly, UA has 36.83% upside from the recent share price of $72.35 if the average analyst target price of $99.00/share is reached, and analysts on average are expecting JNPR to reach a target price of $29.97/share, which is 36.29% above the recent price of $21.99. Below is a twelve month price history chart comparing the stock performance of LH, UA, and JNPR:
|Name||Symbol||Recent Price||Avg. Analyst 12-Mo. Target||% Upside to Target|
|SPDR S&P 500 Fossil Fuel Free ETF||SPYX||$44.66||$55.28||23.78%|
|Laboratory Corporation of America Holdings||LH||$102.53||$143.38||39.84%|
|Under Armour Inc||UA||$72.35||$99.00||36.83%|
|Juniper Networks Inc||JNPR||$21.99||$29.97||36.29%|