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. Trip.com 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%
Trip.com 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.

10 ETFs with the Most Benefits for Analyst Goals »

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


nasdaq

Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button