At ETF Channel, we have analyzed the underlying holdings of various ETFs in our coverage universe. By comparing the trading prices of each holding against the average analyst 12-month forward target prices, we calculated the weighted average implied analyst target price for the ETFs. For the Vanguard S&P Small-Cap 600 Value ETF (Symbol: VIOV), the implied analyst target price based on its underlying holdings is $106.64 per unit.
Currently, VIOV is trading at approximately $93.32 per unit, indicating that analysts foresee a potential upside of 14.28% for this ETF, based on the average analyst targets of its underlying holdings. Notably, three of VIOV’s holdings show significant upside potential relative to their analyst target prices: Astec Industries, Inc. (Symbol: ASTE), Grocery Outlet Holding Corp (Symbol: GO), and Jackson Financial Inc (Symbol: JXN).
Astec Industries, Inc. is currently trading at $44.86 per share, with an average analyst target of $52.00 per share, suggesting a potential upside of 15.92%. Grocery Outlet Holding Corp has a recent share price of $15.11, with analysts targeting an average price of $17.33, which translates to a 14.71% upside. Similarly, Jackson Financial Inc is trading at $95.37, while the average target price is $109.20, indicating a potential increase of 14.50%. Below is a twelve-month price history chart comparing the stock performance of ASTE, GO, and JXN:
Here is a summary table of the current analyst target prices discussed above:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| Vanguard S&P Small-Cap 600 Value ETF | VIOV | $93.32 | $106.64 | 14.28% |
| Astec Industries, Inc. | ASTE | $44.86 | $52.00 | 15.92% |
| Grocery Outlet Holding Corp | GO | $15.11 | $17.33 | 14.71% |
| Jackson Financial Inc | JXN | $95.37 | $109.20 | 14.50% |
Are analysts justified in these targets, or are they overly optimistic about where these stocks will be trading in 12 months? Do the analysts have valid justifications for their targets, or are they lagging behind recent company and industry developments? A high price target relative to a stock’s trading price can reflect optimism about the future but may also precede target price downgrades if those targets are outdated. These are critical questions that warrant further research by investors.
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Also see:
• Dividend Aristocrats List
• AHT Options Chain
• PSJ Split History
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
