How The Pieces Add Up: XOP Targets $36
August 19, 2019 at 07:53 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 Oil & Gas Exploration & Production ETF (XOP), we found that the implied analyst target price for the ETF based upon its underlying holdings is $35.76 per unit.