At ETF Channel, we delve into the underlying holdings of various ETFs in our coverage universe. By comparing the trading price of each holding against the average analyst 12-month forward target price, we have calculated the weighted average implied analyst target price for the ETF itself. For the Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (Symbol: QDPL), the implied analyst target price based on its underlying holdings stands at $46.47 per unit.
Currently, QDPL is trading at approximately $42.19 per unit, indicating that analysts foresee a potential upside of 10.14% for this ETF when considering the average analyst targets of its underlying holdings. Notably, three of QDPL’s underlying holdings show significant upside potential relative to their analyst target prices: BlackRock Inc (Symbol: BLK), Applovin Corp (Symbol: APP), and Ulta Beauty Inc (Symbol: ULTA). Despite BLK trading at a recent price of $1160.00 per share, the average analyst target is 12.81% higher at $1308.65 per share. Similarly, APP has a potential upside of 12.66% from its recent share price of $565.94, with an average analyst target price of $637.57 per share. Analysts also expect ULTA to reach a target price of $589.48 per share, representing a 12.56% increase from its recent price of $523.72. Below is a twelve-month price history chart comparing the stock performance of BLK, APP, and ULTA:
Here’s a summary table of the current analyst target prices discussed above:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF | QDPL | $42.19 | $46.47 | 10.14% |
| BlackRock Inc | BLK | $1160.00 | $1308.65 | 12.81% |
| Applovin Corp | APP | $565.94 | $637.57 | 12.66% |
| Ulta Beauty Inc | ULTA | $523.72 | $589.48 | 12.56% |
These findings raise important questions: Are analysts justified in their targets, or are they overly optimistic about where these stocks will be trading in the next 12 months? Do they have valid justifications for their projections, or are they lagging behind recent developments in the companies and industries? A high price target relative to a stock’s trading price can reflect optimism about the future, but it may also foreshadow potential target price downgrades if those targets are based on outdated information. These are critical considerations for investors to explore further.
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Also see:
• Institutional Holders of ZLAB
• JPMV Historical Stock Prices
• PEP Past Earnings
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
