Implied IJJ Analyst Target Price: $129
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 21 2024
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Source: NASDAQ.COM
- Underlying Holdings Analysis: ETF Channel compared trading prices of holdings against average analyst 12-month forward target prices to calculate weighted average implied analyst target price for iShares S&P Mid-Cap 400 Value ETF (IJJ).
- Implied Analyst Target Price: Implied analyst target price for IJJ is $128.59 per unit, indicating a potential 14.10% upside from the recent trading price of $112.70 per unit.
- Notable Upside Holdings: Three underlying holdings of IJJ with significant upside to analyst target prices are Concentrix Corp (CNXC), TEGNA Inc (TGNA), and Nexstar Media Group Inc (NXST).
- Analyst Target Prices: CNXC has a 46.38% higher target price than its recent share price, TGNA has 35.85% upside, and NXST is expected to reach a target price 31.29% above its recent price.
- Investor Considerations: Questions raised about analysts' justifications for targets, whether they reflect optimism or lag behind recent developments, emphasizing the need for further investor research.
Analyst Views on IJJ
Wall Street analysts forecast IJJ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IJJ 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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Current: 139.650
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Current: 139.650
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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.
