Sum Up The Parts: MDY Could Be Worth $647

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 MIDCAP 400 ETF Trust ETF (MDY), we found that the implied analyst target price for the ETF based upon its underlying holdings is $647.33 per unit.