The Math Shows PPA Can Go To $84
November 08, 2021 at 10:33 AM EST
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 Aerospace & Defense ETF (PPA), we found that the implied analyst target price for the ETF based upon its underlying holdings is $83.97 per unit.