Analyst Recommendation: RBC Capital Markets has reiterated an "Outperform" rating for the iPath Series B S&P 500 VIX Short-Term Futures ETN (BATS:VXX), with a projected one-year price target of $36.45/share, indicating an 8.91% upside from its current price of $33.47/share.
Fund Sentiment: There are currently 69 funds reporting positions in VXX, with a 2.99% increase in ownership over the last quarter. The average portfolio weight for these funds has risen significantly by 144.54%.
Institutional Holdings Changes: Notable changes in institutional holdings include Barclays reducing its shares by 26.21%, while Goldman Sachs and Stableford Capital II increased their holdings significantly by 100% and 84.86%, respectively.
Market Outlook: The put/call ratio for VXX stands at 0.65, suggesting a bullish sentiment among investors, despite some institutions decreasing their portfolio allocations in the last quarter.
Wall Street analysts forecast VXX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VXX 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 VXX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VXX 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 Buy
0 Hold
0 Sell
Current: 26.760
Low
Averages
High
Current: 26.760
Low
Averages
High
No data
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.
