The Math Shows MIDF Can Go To $45
December 20, 2021 at 08:28 AM EST
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 iShares MSCI USA Mid-Cap Multifactor ETF (MIDF), we found that the implied analyst target price for the ETF based upon its underlying holdings is $45.19 per unit.