Home Harley davidson Analysts predict IWD to hit $189

Analysts predict IWD to hit $189

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ILooking at the underlying holdings of ETFs in our hedging universe at ETF channel, we compared each position’s trade price to the 12-month futures analyst average target price and calculated the analyst weighted average implied target price for the ETF itself. For the iShares Russell 1000 Value ETF (ticker: IWD), we found that the analysts’ implied target price for the ETF based on its underlying holdings is $188.68 per share.

With IWD trading at a recent price close to $160.20 per share, this means analysts see upside potential of 17.78% for this ETF when factoring in the average analyst targets of the underlying holdings. Three of IWD’s underlying holdings with a notable advantage over their analyst target prices are (Symbol: AMBP), Harley-Davidson Inc (Symbol: HOG) and Wex Inc (Symbol: WEX). Although AMBP traded at a recent price of $8.92/share, the average analyst target is 38.69% higher at $12.37/share. Similarly, HOG is up 24.88% from the recent price of $40.68 if the average analyst target price of $50.80/share is reached, and analysts on average expect WEX hits a target price of $204.11/share, 24.59% above the recent price of $163.83. Below is a 12 month price history chart comparing the performance of AMBP, HOG and WEX stocks:

Below is a table summarizing the current target prices of the analysts mentioned above:

name symbol Recent Price Avg. 12-MB Analyst. Target % increase over target
iShares Russell 1000 Value ETF IWD $160.20 $188.68 17.78%
AMBP $8.92 $12.37 38.69%
Harley-Davidson Inc. PORK $40.68 $50.80 24.88%
Wex Inc. WEX $163.83 $204.11 24.59%

Are analysts justified in these targets, or too optimistic about where these stocks will trade in 12 months? Do the analysts have a valid rationale for their goals, or are they lagging behind recent company and industry developments? A high price target relative to a stock’s price can reflect optimism about the future, but can also be a precursor to target price declines if targets were a relic of the past. These are questions that require further research from investors.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.