ETF Analysis: The SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) has an implied analyst target price of $63.83, indicating a potential upside of 11.32% from its current trading price of $57.34.
Notable Holdings: Key underlying holdings with significant upside potential include Goodyear Tire & Rubber Co. (32.15% upside), Paylocity Holding Corp (23.34% upside), and ExlService Holdings Inc (22.85% upside).
Analyst Target Justification: There are questions regarding whether analysts' target prices are justified or overly optimistic, considering recent developments in the companies and industries involved.
Investor Research Needed: Investors are encouraged to conduct further research to determine the validity of the analysts' targets and assess potential risks associated with high price targets.
Wall Street analysts forecast SPMD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SPMD is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast SPMD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SPMD is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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0 Sell
Current: 61.710
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Current: 61.710
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
