The Math Shows XWEB Can Go To $83
June 02, 2023 at 07:12 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 Internet ETF (XWEB), we found that the implied analyst target price for the ETF based upon its underlying holdings is $82.59 per unit.