ETF Channel analysis indicates the Invesco S&P SmallCap Momentum ETF (XSMO) has an implied analyst target price of $80.70, representing a 9.71% upside from its current $73.56, derived from the weighted average of its underlying holdings' analyst targets. This outlook is supported by significant projected upside for key components such as Hanmi Financial (HAFC), Cracker Barrel (CBRL), and Calix (CALX), each showing over 11% individual upside. However, the report advises investors to critically evaluate the validity and timeliness of these analyst projections.
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 S&P SmallCap Momentum ETF (Symbol: XSMO), we found that the implied analyst target price for the ETF based upon its underlying holdings is $80.70 per unit. With XSMO trading at a recent price near $73.56 per unit, that means that analysts see 9.71% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of XSMO's underlying holdings with notable upside to their analyst target prices are Hanmi Financial Corp. (Symbol: HAFC), Cracker Barrel Old Country Store Inc (Symbol: CBRL), and Calix Inc (Symbol: CALX). Although HAFC has traded at a recent price of $24.76/share, the average analyst target is 12.08% higher at $27.75/share. Similarly, CBRL has 11.21% upside from the recent share price of $44.19 if the average analyst target price of $49.14/share is reached, and analysts on average are expecting CALX to reach a target price of $66.17/share, which is 11.18% above the recent price of $59.51. Below is a twelve month price history chart comparing the stock performance of HAFC, CBRL, and CALX: Below is a summary table of the current analyst target prices discussed above: | Name | Symbol | Recent Price | Avg. Analyst 12-Mo. Target | % Upside to Target | |---|---|---|---|---| | Invesco S&P SmallCap Momentum ETF | XSMO | $73.56 | $80.70 | 9.71% | | Hanmi Financial Corp. | HAFC | $24.76 | $27.75 | 12.08% | | Cracker Barrel Old Country Store Inc | CBRL | $44.19 | $49.14 | 11.21% | | Calix Inc | CALX | $59.51 | $66.17 | 11.18% | Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research. 10 ETFs With Most Upside To Analyst Targets » Also see: ZKIN Options Chain LAM Historical Stock Prices MCRB Historical Stock Prices The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. An analysis of the Invesco S&P SmallCap Momentum ETF (XSMO) reveals a potential 9.71% upside based on the weighted average of 12-month forward price targets for its underlying holdings. The ETF, trading at approximately $73.56, has an implied target of $80.70. This projection is supported by notable upside in several key components, including Hanmi Financial Corp. (HAFC) with a 12.08% gap to its average target, Cracker Barrel (CBRL) with 11.21%, and Calix Inc. (CALX) with 11.18%. However, the source material introduces a significant note of caution, questioning whether these analyst targets are justifiably optimistic or are lagging indicators that may be subject to future downgrades. The analysis is therefore presented not as a firm projection but as a data point that requires further fundamental research by investors to validate the underlying assumptions for these individual small-cap momentum stocks.
AI-powered research, real-time alerts, and portfolio analytics for institutional investors.
Request a DemoOverall Sentiment
mixed
Sentiment Score
0.15
Ticker Sentiment
