Sum Up The Pieces: QMJ Could Be Worth $66
March 04, 2021 at 09:07 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 Direxion S&P 500— High minus Low Quality ETF ETF (QMJ), we found that the implied analyst target price for the ETF based upon its underlying holdings is $65.86 per unit.