The Math Shows RHS Can Go To $172
October 11, 2021 at 09:00 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 500— Equal Weight Consumer Staples ETF (RHS), we found that the implied analyst target price for the ETF based upon its underlying holdings is $172.05 per unit.