We Did The Math PPA Can Go To $69
April 16, 2020 at 08:45 AM EDT
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, and computed the weighted average implied analyst target price for the ETF itself. For the Invesco Aerospace & Defense ETF (PPA), we found that the implied analyst target price for the ETF based upon its underlying holdings is $68.94 per unit.