The Math Shows SPMD Can Go To $53

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— Portfolio S&P 400 Mid Cap ETF (SPMD), we found that the implied analyst target price for the ETF based upon its underlying holdings is $52.86 per unit.
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