How The Pieces Add Up: KBE Targets $56
July 16, 2021 at 08:28 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 SPDR— S&P— Bank ETF (KBE), we found that the implied analyst target price for the ETF based upon its underlying holdings is $56.23 per unit.