The Math Shows SPYX Can Go To $127
January 06, 2022 at 08:24 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 SPDR— S&P— 500 Fossil Fuel Reserves Free ETF (SPYX), we found that the implied analyst target price for the ETF based upon its underlying holdings is $127.19 per unit.