Look Under The Hood: GRPM Has 13% Upside

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 MidCap 400— GARP ETF (GRPM), we found that the implied analyst target price for the ETF based upon its underlying holdings is $138.33 per unit.