The Math Shows SPHQ Can Go To $35
May 14, 2019 at 08:02 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— Quality ETF (SPHQ), we found that the implied analyst target price for the ETF based upon its underlying holdings is $35.43 per unit.