The Math Shows XMVM Can Go To $51
June 05, 2023 at 07:56 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 Invesco S&P MidCap Value with Momentum ETF (XMVM), we found that the implied analyst target price for the ETF based upon its underlying holdings is $50.53 per unit.