How The Parts Add Up: GNR Headed For $64
June 14, 2024 at 06:35 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 Global Natural Resources ETF (GNR), we found that the implied analyst target price for the ETF based upon its underlying holdings is $63.76 per unit.