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Trying on the underlying holdings of the ETFs in our protection universe at ETF Channel, we’ve in contrast the buying and selling value of every holding in opposition to the typical analyst 12-month ahead goal value, and computed the weighted common implied analyst goal value for the ETF itself. For the ProShares ProShares S&P 500 Ex-Financials ETF (Image: SPXN), we discovered that the implied analyst goal value for the ETF primarily based upon its underlying holdings is $74.68 per unit.
With SPXN buying and selling at a latest value close to $67.90 per unit, that implies that analysts see 9.99% upside for this ETF trying by way of to the typical analyst targets of the underlying holdings. Three of SPXN’s underlying holdings with notable upside to their analyst goal costs are Keysight Applied sciences Inc (Image: KEYS), HCA Healthcare Inc (Image: HCA), and ABIOMED, Inc. (Image: ABMD). Though KEYS has traded at a latest value of $92.99/share, the typical analyst goal is 25.36% larger at $116.57/share. Equally, HCA has 22.00% upside from the latest share value of $138.80 if the typical analyst goal value of $169.33/share is reached, and analysts on common predict ABMD to…