Wanting 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 towards the common analyst 12-month ahead goal worth, and computed the weighted common implied analyst goal worth for the ETF itself. For the First Belief Rising Dividend Achievers ETF (Image: RDVY), we discovered that the implied analyst goal worth for the ETF primarily based upon its underlying holdings is $38.37 per unit.
With RDVY buying and selling at a latest worth close to $34.40 per unit, that signifies that analysts see 11.53% upside for this ETF trying via to the common analyst targets of the underlying holdings. Three of RDVY’s underlying holdings with notable upside to their analyst goal costs are Utilized Supplies, Inc. (Image: AMAT), Teradyne, Inc. (Image: TER), and Skyworks Options Inc (Image: SWKS). Though AMAT has traded at a latest worth of $57.99/share, the common analyst goal is 15.54% increased at $67.00/share. Equally, TER has 15.42% upside from the latest share worth of $65.99 if the common analyst goal worth of $76.17/share is reached, and analysts on common predict SWKS to…