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. From this, we computed the weighted average implied analyst target price for the ETF itself.
For the JPMorgan BetaBuilders US Mid Cap Equity ETF (Symbol: BBMC), we found that the implied analyst target price based on its underlying holdings is $119.00 per unit. With BBMC trading recently near $104.95 per unit, this suggests that analysts see a 13.39% upside for this ETF by looking through to the average analyst targets of its underlying holdings.
Three of BBMC’s underlying holdings with notable upside to their analyst target prices are Aurora Innovation Inc (Symbol: AUR), Interparfums Inc (Symbol: IPAR), and QXO Inc (Symbol: QXO).
– **Aurora Innovation Inc (AUR)** has traded recently at $5.49 per share, while the average analyst target is 101.28% higher at $11.05 per share.
– **Interparfums Inc (IPAR)** shows a 71.84% upside from its recent share price of $95.05 if the average analyst target price of $163.33 is reached.
– **QXO Inc (QXO)** has an average analyst target price of $33.08 per share, which is 69.92% above the recent price of $19.47.
Below is a summary table highlighting the recent prices, average analyst 12-month target prices, and the implied upside for the ETF and the mentioned stocks:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|————————————-|——–|————–|—————————-|——————–|
| JPMorgan BetaBuilders US Mid Cap Equity ETF | BBMC | $104.95 | $119.00 | 13.39% |
| Aurora Innovation Inc | AUR | $5.49 | $11.05 | 101.28% |
| Interparfums Inc | IPAR | $95.05 | $163.33 | 71.84% |
| QXO Inc | QXO | $19.47 | $33.08 | 69.92% |
While these target prices indicate significant potential upside, investors should consider whether analysts are justified in their projections, or if they may be overly optimistic about where these stocks will trade in the next 12 months. A high price target relative to a stock’s current trading price can reflect optimism about future growth. However, it can also serve as a precursor to target price downgrades if those targets are outdated or fail to incorporate recent company and industry developments.
These are important questions that warrant further investor research before making any decisions.
For additional insights, see:
– [10 ETFs With Most Upside To Analyst Targets]
– ETFs With Notable Outflows
– Institutional Holders of OSIS
– Funds Holding GBF
*The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.*
https://www.nasdaq.com/articles/add-parts-bbmc-could-be-worth-119