How the coins add up: QQJG targets $27

LLooking at the underlying ETF holdings in our coverage universe on ETF Channel, we compared the trading price of each holding to the 12-month futures analyst average target price, and calculated the weighted average implied analyst target price. for the ETF itself. For the Invesco ESG NASDAQ Next Gen 100 ETF (ticker: QQJG), we found that the analysts’ implied target price for the ETF based on its underlying holdings is $27.42 per share.

With QQJG trading at a recent price close to $21.19 per share, that means analysts see a 29.39% upside for this ETF when factoring in average analyst targets for the underlying holdings. Group Ltd (Symbol: TCOM), Manhattan Associates, Inc. (Symbol: MANH) and Bentley Systems Inc (Symbol: BSY) are three of QQJG’s underlying holdings with a notable advantage over their target prices. analysts. Although TCOM traded at a recent price of $22.07/share, the average analyst target is 41.59% higher at $31.25/share. Similarly, MANH is up 41.56% from the recent stock price of $134.22 if the average analyst target price of $190.00/share is reached, and analysts expect average for BSY to hit a target price of $60.00/share, 40.75% above the recent price of $42.63. Below is a 12 month price history chart comparing the performance of TCOM, MANH and BSY stocks:

Below is a table summarizing the current target prices of the analysts mentioned above:

name Symbol Recent Price Avg. 12-MB Analyst. Target % increase over target
Invesco ESG NASDAQ Next Gen 100 ETF QQJG $21.19 $27.42 29.39% Group Ltd TCOM $22.07 $31.25 41.59%
Manhattan Associates, Inc. MANH $134.22 $190.00 41.56%
Bentley Systems Inc. BSY $42.63 $60.00 40.75%

Are analysts justified in these targets, or too optimistic about where these stocks will trade in 12 months? Do the analysts have a valid rationale for their goals, or are they lagging behind recent company and industry developments? A high price target relative to a stock’s price can reflect optimism about the future, but can also be a precursor to target price declines if targets were a relic of the past. These are questions that require further research from investors.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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