Surprising Analyst 12-Month Target For QVML
May 30, 2023 at 09:26 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 QVM Multi-factor ETF (QVML), we found that the implied analyst target price for the ETF based upon its underlying holdings is $27.59 per unit.