Scrutinizing the stocks within the ETFs in our coverage realm, a comparison was made between the trading values of each stock against the average analyst 12-month projected target price. The analytical approach yielded a weighted average implied target price for the ETF. In the case of the ProShares Online Retail ETF (ONLN), the analysis revealed an implied analyst target price of $53.18 per unit.
Considering the recent trading price of ONLN stands near $45.07 per unit, analysts forecast a positive potential of 17.99% for this ETF based on the average analyst targets of its underlying stocks. Noteworthy among the underlying holdings are ODDITY Tech Ltd (ODD), Wayfair Inc (W), and Alibaba Group Holding Ltd (BABA). While ODD is currently priced at $40.70, analysts foresee a 28.46% hike to reach the average target of $52.28. Similarly, W displays potential with a 22.83% upside from the current share price of $52.57 if it hits the average analyst target of $64.57. Analysts also anticipate BABA to achieve a target price of $118.50, an 18.42% climb from the recent price of $100.07. A comparative price history chart reflecting the stock performance of ODD, W, and BABA over the past twelve months is outlined below.
Collectively, ODD, W, and BABA constitute 10.68% of the ProShares Online Retail ETF. An encapsulated table featuring the current analyst target prices for the aforementioned stocks is provided:
| Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target |
|---|---|---|---|---|
| ProShares Online Retail ETF | ONLN | $45.07 | $53.18 | 17.99% |
| ODDITY Tech Ltd | ODD | $40.70 | $52.28 | 28.46% |
| Wayfair Inc | W | $52.57 | $64.57 | 22.83% |
| Alibaba Group Holding Ltd | BABA | $100.07 | $118.50 | 18.42% |
Are the analysts’ evaluations grounded, or do they exhibit excessive optimism regarding the future trading values of these equities a year hence? Are the analysts factoring in recent corporate and industry advancements adequately, or are they lagging behind? A lofty target price relative to the current trading value may indicate optimism about future prospects, but also holds the potential of being a precursor to target downgrades should these forecasts become outdated. These are queries that beckon further exploration and scrutiny by potential investors.
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