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 SPDR S&P MIDCAP 400 ETF, we found that the implied analyst target price for the ETF based upon its underlying holdings is $388.74 per unit.
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