Looking on the underlying holdings of the ETFs in our protection universe at ETF Channel, we've in
Looking on the underlying holdings of the ETFs in our protection universe at ETF Channel, we’ve in contrast the buying and selling worth of every holding in opposition to the typical analyst 12-month ahead goal worth, and computed the weighted common implied analyst goal worth for the ETF itself. For the Invesco Dynamic Media ETF (Image: PBS), we discovered that the implied analyst goal worth for the ETF primarily based upon its underlying holdings is $39.01 per unit.
With PBS buying and selling at a current worth close to $33.23 per unit, that signifies that analysts see 17.39% upside for this ETF trying by way of to the typical analyst targets of the underlying holdings. Three of PBS’s underlying holdings with notable upside to their analyst goal costs are Sinclair Broadcast Group Inc (Image: SBGI), Nexstar Media Group Inc (Image: NXST), and Spotify Know-how SA (Image: SPOT). Though SBGI has traded at a current worth of $34.83/share, the typical analyst goal is 83.75% larger at $64.00/share. Equally, NXST has 28.90% upside from the current share worth of $107.71 if the typical analyst goal worth of $138.83/share is reached, and analysts on common expect SPOT to succeed in a goal worth of $171.50/share, which is 20.31%…