Peek Under The Hood: XES Has 22% Upside
August 16, 2021 at 08:32 AM EDT
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— Oil & Gas Equipment & Services ETF (XES), we found that the implied analyst target price for the ETF based upon its underlying holdings is $61.39 per unit.