Robinhood Reinvents Stock Trading Without The FeesLooking 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 Oil & Gas Exploration & Production ETF (AMEX: XOP), we found that the implied analyst target price for the ETF based upon its underlying holdings is $44.93 per unit. Similarly, NBL has 19.21% upside from the recent share price of $35.95 if the average analyst target price of $42.86/share is reached, and analysts on average are expecting PE to reach a target price of $42.14/share, which is 17.68% above the recent price of $35.81. A high price target relative to a stock’s trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. The average analyst target price data upon which this article was based, is courtesy of data provided by Zacks Investment Research via Quandl.com.

Source: Forbes November 28, 2016 14:08 UTC