How The Pieces Add Up: SPMO Headed For $59
September 30, 2022 at 07:08 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— Momentum ETF (SPMO), we found that the implied analyst target price for the ETF based upon its underlying holdings is $59.43 per unit.