The Math Shows IWP Can Go To $123
July 01, 2024 at 12:29 PM 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 iShares Russell Mid-Cap Growth ETF (IWP), we found that the implied analyst target price for the ETF based upon its underlying holdings is $123.27 per unit.