Look Under The Hood: MDYG Has 13% Upside
June 04, 2021 at 08:16 AM EDT
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 SPDR— S&P 400 Mid Cap Growth ETF (MDYG), we found that the implied analyst target price for the ETF based upon its underlying holdings is $85.50 per unit.