The Math Shows SPYD Can Go To $41
March 12, 2018 at 08:34 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 Portfolio S&P 500 High Dividend ETF (SPYD), we found that the implied analyst target price for the ETF based upon its underlying holdings is $40.54 per unit.